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Management · Q17

Managerial Economics

Graduate and Post Graduate · Management · question 17

Q17

If the supply curve of a commodity is positively sloped, a rise in the price of the commodity ceteris paribus, results in and is referred to as

A.
A decrease in both demand and supply
B.
A decrease in quantity supplied
C.
A decrease in supply
Answer
D.
A decrease in demand

Answer: Option C

Solution

Answer: Option C
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