Question
3.Comment on the following statement: A decrease in supply will lead to an increase in the price which decreases demand, thus lowering price. Therefore, a
3.Comment on the following statement: "A decrease in supply will lead to an increase in the price which decreases demand, thus lowering price. Therefore, a decrease in supply has no effect on the price of a good."
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Microeconomics
Authors: Robert S. Pindyck, Daniel L. Rubinfeld
7th edition
8131725995, 8131725993, 978-8131725993
