Question: Suppose there is a decrease in supply in a market where the supply curve slopes upwards and the demand curve slopes downwards. Which of the
Suppose there is a decrease in supply in a market where the supply curve slopes upwards and the demand curve slopes downwards. Which of the following wouldnotoccur?
a)An excess supply.b)A fall in price.
c)A fall in supply.
d)A fall in the equilibrium level of expenditure.
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