By itself, an increase in the number of suppliers in a market results in a

Name: By itself, an increase in the number of suppliers in a market results in a
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Question

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An increase in the number of suppliers results in a rightward shift in the supply curve. This is because there is now more supply available in the market at each price level. This shift indicates a movement along the demand curve to a new equilibrium point where both the quantity demanded and supplied have increased.

By Itself, an Increase in the Number of Suppliers in a Market