Home » Economics » A decrease in supply without a corresponding change in demand will lead to

A decrease in supply without a corresponding change in demand will lead to

A decrease in supply without a corresponding change in demand will lead to
  • A.
    an increase in equilibrium price and a decrease in equilibrium quantity
  • B.
    a decrease in equilibrium price and an increase in equilibrium qantity
  • C.
    a decrease in equilibrium price and equilibrium quantity
  • D.
    an increase in equilibrium price and quantity
Correct Answer: Option A
Explanation