Economic Glossary | Supply Decrease | Bankers Algo
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Economic Glossary

    Supply Decrease

A decrease in the willingness and ability of sellers to sell a good at the existing price, illustrated by a leftward shift of the supply curve. A decrease in supply results in a decrease in equilibrium quantity and an increase in equilibrium price.


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Banker's Algo Daily Dose

Word of the day

Forfeit(n)

Meaning:

something given as sacrifice

Synonyms: cost, damages, fine, loss

Antonyms: gain, victory, win

Apti Question of The day

Question

If 2x + 3y + z = 55, x + z – y = 4 and y – x + z = 12, then what is the value of y?

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