If the supply of a good decreases which of the following will-09101
If the supply of a good decreases, which of the following will generally occur in a market setting?
This multiple choice question (MCQ) is related to the book/course
vu eco402 Microeconomics.
It can also be found in
vu eco402 Final Term - Quiz No.2.
If the supply of a good decreases, which of the following will generally occur in a market setting?
The price of the good will decrease.
Demand will decrease.
The quantity demanded will increase.
The quantity demanded will decrease.
Similar question(s) are as followings:
If the demand for a good increases, which of the following will generally occur in a market setting?
If the demand for a good decreases, which of the following will generally occur in a market setting?
