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d is downward sloping and Supply is upward sloping (as we usually do), what happens to equilibrium price and quantity of a good when Supply decreases?...
Assuming Demand is downward sloping and Supply is upward sloping (as we usually do), what happens to equilibrium price and quantity of a good when Supply decreases?
A)P decreases; Q increases
B) P decreases; Q decreases
C) P increases; Q increases
D) P increases; Q decreases
E) P and Q should not change