Question: 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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