If the number of sellers decreases,then the supply curve ________ and the supply ________.
A) shifts rightward; increases
B) shifts rightward; decreases
C) shifts leftward; increases
D) shifts leftward; decreases
E) does not shift; does not change, but there is a decrease in the quantity supplied

Question

Quizplus · Accepted Answer

If the number of sellers decreases, the supply curve will shift leftward because there will be less quantity of goods supplied at each price. This shift in the supply curve leads to a decrease in supply.

If the Number of Sellers Decreases,then the Supply Curve ________