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TU7Illuccibr TU7Illuccibr
  • 21-02-2017
  • Business
Answered

Suppose that demand for a good increases and, at the same time, supply of the good decreases. what would happen in the market for the good?

Verified Answer :

buddhabb
buddhabb buddhabb
  • 22-02-2017

If demand increases while the supply decreases, the price of the good will increase so the producer can make up for the money lost in lack of quantity.

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