For a given downward-sloping demand curve, a decrease in supply will cause a(n):

a. increase in quantity demanded.
b. decrease in quantity demanded.
c. decrease in the equilibrium price.
d. increase in demand.
e. increase in the equilibrium quantity.

b. decrease in quantity demanded.

Economics

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The Clayton Act of 1936 outlawed price discrimination that reduced competition

Indicate whether the statement is true or false

Economics

Explain the reasoning behind the shape of the short-run aggregate supply curve in the short run.

What will be an ideal response?

Economics