If proﬁts in the textile industry fall, the market supply curve of textiles will move out to the right.

Name: If proﬁts in the textile industry fall, the market supply curve of textiles will move out to the right.
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Question

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If profits in the textile industry fall, there may be a decrease in the number of suppliers or a decrease in the quantity supplied by existing suppliers. This would cause the market supply curve of textiles to shift to the left, not the right.

If Proﬁts in the Textile Industry Fall, the Market Supply