à Moving to another question will save this response Question 2 If supply decrea

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à Moving to another question will save this response Question 2 If supply decreases along a given demand curve, O a an excess quantity demanded will be created, increasing the equilibrium price and causing equilibrium quantity to fall o b an excess quantity demanded will be created, raising the equlibrium price and quantity price will fall, shifting the demand curve outward, raising the equilibrium quantity e an excess quantity suppl O Type here to search c. o d an excess quantity supplied will be created, lowering the equilibrium price and qu lied will be created, lowering the equilibrium price and causing equilibrium quantity to rise

Explanation / Answer

When supply decreases along a given demand curve an excess quantity demanded will be created increasing the equilibrium price and causing equilibrium quantity to fall.

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