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Question 17: A decrease (leftward shift) in the supply for a good will tend to cause 1. a decrease in the equilibrium price and an
Question 17:
A decrease (leftward shift) in the supply for a good will tend to cause
1. a decrease in the equilibrium price and an increase in the equilibrium quantity.
2. an increase in the equilibrium price and a decrease in the equilibrium quantity.
3. an increase in the equilibrium price and quantity.
4. a decrease in the equilibrium price and quantity.
5. none of these answers
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