If you observed that the market price of a good rose while the quantity exchanged fell, which

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If you observed that the market price of a good rose while the quantity exchanged fell, which of the following could have caused the change?

a. an increase in supply

b. a decrease in supply

c. an increase in demand

d. a decrease in demand

e. none of the above

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Exploring Economics

ISBN: 9780324395464

4th Edition

Authors: Robert L. Sexton

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