A decrease (leftward shift) in the supply for a good will tend to cause ?

A. an increase in the equilibrium price and quantity
B. a decrease in the equilibrium price and an increase in the equilibrium quantity
C. none of these answers
D. a decrease in the equilibrium price and quantity.
E. an increase in the equilibrium price and a decrease in the equilibrium quantity

Correct Answer: an increase in the equilibrium price and quantity ✔

Last Updated: June 18, 2019