A decrease in supply without a corresponding change in demand will lead to

Economics JAMB 2009

A decrease in supply without a corresponding change in demand will lead to

  • an increase in equilibrium price and a decrease in equilibrium quantity checkmark
  • a decrease in equilibrium price and an increase in equilibrium qantity
  • a decrease in equilibrium price and equilibrium quantity
  • an increase in equilibrium price and quantity

The correct answer is: A

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