Which of the following does NOT occur in a market when one or more sellers exits the market?
A)The remaining sellers' demand curves shift to the right.
B)The remaining sellers have more market power.
C)The market demand rises.
D)The market price rises.

Question

Quizplus · Accepted Answer

When one or more sellers exit the market, the market demand does not rise; instead, the supply decreases. The demand curve represents the consumers' willingness to buy at different prices, which is not directly affected by the number of sellers.

Which of the Following Does NOT Occur in a Market