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Chapter 4 - Market forces Supply and Demand Flashcards | StudBud
Chapter 4 - Market forces Supply and Demand
1 / 8
A decrease (
leftward shift
) in the
supply
for a good will tend to cause
A
an increase in the equilibrium price and quantity
B
an decrease in the eq'm price and an increase in the eq'm quantity
C
an increase in the eq'm price and a decrease in the eq'm quantity
D
a decrease in the equilibrium price and quantity.
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