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30 September, 03:38

Which of the following would most likely cause a decrease in the quantity supplied?

A decrease in competition

A decrease in price

An increase in competition

An increase in price

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Answers (1)
  1. 30 September, 03:58
    0
    A decrease in price

    Explanation:

    A decrease in price will cause the supply of goods and services to decrease. As you can see, an increase in demand causes the equilibrium price to rise. On the other hand, a decrease in demand causes the equilibrium price to fall. An increase in supply causes the equilibrium price to fall, while a decrease in supply causes the equilibrium price to rise.
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