MCQOPTIONS
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| 1. |
A decrease in the quantity supplied to the market at given prices leads to |
| A. | A higher price and a contraction of demand |
| B. | A lower price and an expansion of demand |
| C. | A higher price and an expansion of demand |
| D. | A lower price and a contraction of demand |
| E. | None of the above |
| Answer» B. | |