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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 qu…

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 qu…
asked 18.4k views
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

asked
User Matt Luongo
by
7.9k points

1 Answer

10 votes

Answer:

increases.

Step-by-step explanation:

answered
User Ssomnoremac
by
7.7k points
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