An increase in the number of producers will:
A) increase the market supply, because the price will rise.
B) increase the market supply only when market demand increases too.
C) increase the market supply, because market supply is the sum of all individual supply curves.
D) increase the market supply only if each supplier has an identical supply curve.
E) decrease the market supply, because firms compete with each other and each firm will supply more.
Correct Answer:
Verified
Q114: If the United Auto Workers union can
Q121: Which of the following is most likely
Q138: A shift occurs in the supply curve
Q195: The supply curve reflects the:
A) inverse relationship
Q198: A supply curve:
A) has a negative slope.
B)
Q202: A decrease in the number of dry
Q203: There is a technological advance in the
Q204: An increase in the supply of the
Q205: A reduction in production costs will result
Q258: When economists say the quantity supplied of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents