Economy, asked by danishlone53789, 6 months ago

what is decrease in supply ?

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Answered by arathim1913

4

Answer:

SUPPLY DECREASE: A decrease in the willingness and ability of sellers to sell a good at the existing price, illustrated by a leftward shift of the supply curve. A decrease in supply is caused by a change in a supply determinant and results in a decrease in equilibrium quantity and an increase in equilibrium price.

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