does a decrease in the supply of rice bring a surplus or a shortage of rice at the original price? how does…

does a decrease in the supply of rice bring a surplus or a shortage of rice at the original price? how does the price change as the market moves to its new equilibrium?\na decrease in the supply of rice brings a ______ of rice at the original price and a ______ in its price\na. surplus; rise\nb. shortage; fall\nc. shortage; rise\nd. surplus; fall

does a decrease in the supply of rice bring a surplus or a shortage of rice at the original price? how does the price change as the market moves to its new equilibrium?\na decrease in the supply of rice brings a ______ of rice at the original price and a ______ in its price\na. surplus; rise\nb. shortage; fall\nc. shortage; rise\nd. surplus; fall

Answer

Brief Explanations:

When the supply of rice decreases at the original price, quantity demanded exceeds quantity supplied, causing a shortage. To reach a new equilibrium, the price will rise as consumers compete for the limited rice available.

Answer:

C. shortage; rise