gmcorchado
gmcorchado gmcorchado
  • 08-06-2018
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which of these situation is most likely to lead to a decrease in price of a good

which of these situation is most likely to lead to a decrease in price of a good class=

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Аноним Аноним
  • 08-06-2018
Option A. Demand decreases and supply remains the same. Hope this helps :)
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palebadgworthy
palebadgworthy palebadgworthy
  • 20-06-2019

The correct answer is: "demand decreases and supply remains the same".

If the demand curve decreases and experiences a shift to the left while the supply curve remains in its original position, it can be claimed that both the price charged and the amount exchanged (quantity demanded = quantity supplied) have decreased in this market in the newly-reached equilibrium point. The graph attached illustrates this situation.

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