752EconomicsMedium
A decrease (leftward shift) in the supply for a good will tend to cause?
Aan increase in the equilibrium price and a decrease in the equilibrium quantity
Bnone of these answers
Ca decrease in the equilibrium price and quantity.
Da decrease in the equilibrium price and an increase in the equilibrium quantity
Ean increase in the equilibrium price and quantity
Correct answer
E. an increase in the equilibrium price and quantity
Explanation
The correct answer is an increase in the equilibrium price and quantity.