If the Supply of a Product Decreases,we Would Expect

question 151

Multiple Choice

If the supply of a product decreases,we would expect

• A)equilibrium price to increase and equilibrium quantity to decrease.
• B)equilibrium price to decrease and equilibrium quantity to increase.
• C)equilibrium price and equilibrium quantity both to increase.
• D)equilibrium price and equilibrium quantity both to decrease.

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Definitions:

Osteoblast

A type of cell responsible for bone formation.

Bone

A rigid organ that constitutes part of the vertebrate skeleton, providing structural support, protecting various organs, and harboring bone marrow.

Fibroblast

A type of cell found in connective tissue, which secretes collagen and other fibers, playing a critical role in wound healing and tissue repair.

Fibrous Connective Tissue

A type of connective tissue rich in collagen fibers that provides support and strength to other tissues and organs.