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A decrease in supply, with no change in demand, will lead to ________ in equilibrium quantity and ________ in equilibrium price.
a. an increase; an increase
b. an increase; a decrease
c. a decrease; an increase
d. a decrease; a decrease

Respuesta :

d
you can use common sense for this
Demand for potatoes remain the same and supply of potatoes decrease. The number of potatoes sold will decrease and producers naturally increase price of potatoes (to try to earn more)
adioabiola

Demand refers to the total amount of goods or services a consumer is willing and able to buy at a particular price over a given period of time.

  • Supply is the total amount of goods and services a producer is willing and able to sell at a particular price over a given period of time.

  • The law of demand states that "the higher the price, the lower the quantity demanded; the lower the price, the higher the quantity demanded".

Therefore,

A decrease in supply, with no change in demand, will lead to a decrease in equilibrium quantity and an increase in equilibrium price.

Read more:

https://brainly.com/question/737983

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