Answer plzz with details explaintion.... When the supply of good A decreases,a. the equilibrium price and the equilibrium quantity will increase.b.the equilibrium price will increase but the equilibrium quantity will decrease.the equilibrium price and the equilibrium quantity will decreaseOcOd the equilibrium price will decrease but the equilibrium quantity will increaseCe a surplus will result.oak tables are normal goods What will ha

In general, when the supply of a good decreases, it means that there is less of the good available…

When the supply of good A decreases, a. the equilibrium price and the equilibrium quantity will increase. b. the equilibrium price will increase but the equilibrium quantity will decrease. Oc the equilibrium price and the equilibrium quantity will decrease. Od the equilibrium price will decrease but the equilibrium quantity will increase. Ce a surplus will result.

When the supply of good A decreases, a. the equilibrium price and the equilibrium quantity will increase. b. the equilibrium price will increase but the equilibrium quantity will decrease. Oc the equilibrium price and the equilibrium quantity will decrease. Od the equilibrium price will decrease but the equilibrium quantity will increase. Ce a surplus will result.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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