If there is an increase in market supply and no change in market demand, the demand curve for an individual purely competitive seller's product will shift:
A) upward.
B) to the left.
C) downward.
D) to the right.

Question

Quizplus · Accepted Answer

An increase in market supply with no change in market demand typically results in a decrease in the price level. For an individual purely competitive seller, this scenario means that they can sell less of their product at any given price, which is represented by a downward shift in their demand curve.

If There Is an Increase in Market Supply and No