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15 October, 23:31

If supply decreases and demand increases, which of the following will most likely happen?

A. surplus of supply

B. price increases

C. increased cost of production

D. decreased cost of production

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Answers (1)
  1. 15 October, 23:50
    0
    B. price increases

    Explanation:

    as the supply decreases and demand increases the prices are increased to meet the demand and produce more
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