If the number of companies producing memory chips increases,then the
A) supply of memory chips does not change.
B) supply of memory chips increases.
C) supply of memory chips decreases.
D) quantity of memory chips supplied increases.
E) demand for memory chips increases.

Question

Quizplus · Accepted Answer

An increase in the number of companies producing a certain product usually leads to an increase in supply of the product, as more companies compete in the market to sell their products. Therefore, if the number of companies producing memory chips increases, the supply of memory chips will also increase.

If the Number of Companies Producing Memory Chips Increases,then the