A change in the number of suppliers will cause both the demand curve and the supply curve to shift.

Name: A change in the number of suppliers will cause both the demand curve and the supply curve to shift.
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Question

Quizplus · Accepted Answer

A change in the number of suppliers affects the supply curve (it shifts due to changes in market supply) but does not directly cause the demand curve to shift; demand curve shifts are caused by factors affecting buyers' preferences and purchasing power.

A Change in the Number of Suppliers Will Cause Both