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Tidy Tidy
wrote...
Posts: 4852
8 years ago
Select the phrase that correctly completes the following statement. "A decrease in the number of manufacturers caused a decrease in the supply of sailboats. As a result
A) the price of sailboats increased and the demand for sailboats decreased.
B) the equilibrium quantity of sailboats increased.
C) the price of sailboats increased and the quantity demanded of sailboats decreased.
D) the price of sailboats increased. The higher price caused the supply of sailboats to increase.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 412 times
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SydnieSydnie
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Posts: 3807
8 years ago
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wrote...
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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