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Contraction of supply is the result of.
Contraction of supply is the result of.
A
Decrease in the number of producers
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B
Decrease in the price of the good concern
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C
Increase in the prices of other goods
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D
Decrease in the outlay of sellers
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Solution
The correct option is A Decrease in the price of the good concern
Contraction is caused due to a decrease in the price or quantity supplied of the commodity.
Contraction is caused due to a decrease in the price or quantity supplied of the commodity.
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