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Waheed Ashiru
on Oct 13, 2024

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If quantity supplied is less at each price,we say that there has been

A) an increase in supply.
B) an increase in demand.
C) a decrease in supply.
D) a decrease in demanD.

Supply Increase

A situation in economics where the quantity of goods or services offered by businesses grows, typically leading to lower prices if demand remains constant.

Supply Decrease

A reduction in the overall amount of goods and services that producers are willing and able to offer at a given price level.

Demand Increase

A rise in the quantity of a product or service that consumers are willing and able to purchase at various prices.

  • Understand the effects that shifts in supply and demand have on the stability of market prices.
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Louie AvergonzadoOct 20, 2024
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