Powers Williams
03/25/2023 · Elementary School
A television station reports that the price of coffee has increased but the quantity traded in the market has decreased. This situation would be caused by a(n) Multiple Choice increase in demand. decrease in supply.
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The situation described, where the price of coffee has increased but the quantity traded in the market has decreased, would be caused by a **decrease in supply**.
When supply decreases, the supply curve shifts to the left, leading to a higher equilibrium price and a lower equilibrium quantity. Therefore, the correct answer is:
**decrease in supply.**
Quick Answer
decrease in supply
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