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Sagot :
A decrease in supply while holding demand constant results in a(n) increase in equilibrium price, and a decrease in equilibrium quantity.
What is a decrease in supply?
Where there is a decrease in supply, it means the level of supply of a certain good has decreased. Some of the factors that cause a decrease in supply are:
- fall in the number of producers
- Increase in the price of inputs
A decrease in supply would lead to a leftward shift of the supply curve. This leads to a decrease in equilibrium quantity and an increase in equilibrium price.
To learn more about the change in supply, please check: https://brainly.com/question/15835771
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