Question

A. The new supply curve will shift to its right therefore the new equilibrium price will decrease from P to P'. The equilibrium quantity increase from Q to Q'.

B. The price decreases from P to P'.

C. The quantity increases from Q to Q'.

A. Refer the above picture the supply decreases So the new supply curve shifts to its left.

B. The equilibrium price increases from P to P'

C. The equilibrium quantity decreases from Q to Q'.

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