Suppose there is a decrease in supply and an associated decrease in the quantity demanded. Which of the following events are consistent with this situation? technology has improved input prices have increased none of the other choices are correct
Suppose there is a decrease in supply and an associated decrease in the quantity demanded. Which of the following events are consistent with this situation? technology has improved input prices have increased none of the other choices are correct
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Suppose there is a decrease in supply and an associated decrease in the quantity demanded. Which of the following events are consistent with this situation?
technology has improved
input prices have increased
none of the other choices are correct
some buyers have left the market
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