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QUESTION 17 Select the phrase that correctly completes the following statement. A decrease in the number of manufacturers caused a decrease in the supply

QUESTION 17 Select the phrase that correctly completes the following statement. "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. As a result, O the price of sailboats increased and the demand for sailboats decreased the equilibrium quantity of sailboats increased " O the price of sailboats increased and the quantity of sailboats demanded decreased." O the price of sailboats increased. The higher price caused the supply of sailboats to increase." 13

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