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kipiarov [429]
2 years ago
13

A decrease in supply while holding demand constant results in a(n) ______ in equilibrium price, and a(n) ______ in equilibrium q

uantity.
Business
1 answer:
mars1129 [50]2 years ago
5 0

A decrease in supply while holding demand constant results in a(n) increase in equilibrium price, and a decrease in equilibrium quantity.

<h3>What is a decrease in supply?</h3>

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: brainly.com/question/15835771

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If a basket selling price is $13per unit with the variable expense is $10 per unit and the company's monthly fixed expense if $7
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learn more about interoperability agreements  here:

brainly.com/question/20738512

#SPJ4

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