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Suppose that an increase in production costs decreases the supply of wheat, such that less wheat is supplied at each price level. After the decrease n supply, the equilibrium quantity O increases O decreases
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23 votes
Suppose that an increase in

production costs decreases the supply of wheat, such that less wheat is supplied at each
price level. After the decrease n supply, the equilibrium quantity

O increases
O decreases
O stays the same

User Matt Luongo
by
4.3k points

1 Answer

10 votes

Answer:

increases.

Step-by-step explanation:

User Ssomnoremac
by
3.9k points
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