A decrease in supply means that the quantity supplied
A. does not fall at any price.
B. falls only at the equilibrium price.
C. falls at a few prices.
D. falls at all prices.
D. falls at all prices.
Economics
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Explain the difference between a change in quantity supplied and a change in supply
What will be an ideal response?
Economics
In the above figure, the short-run macroeconomic equilibrium is at the price level ________ and the real GDP level ________
A) 110; $16.5 trillion B) 120; $16 trillion C) 100; $16 trillion D) 110; $16 trillion
Economics