Question: 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

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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