If the number of sellers in a market increases the:

Name: If the number of sellers in a market increases the:
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Question

Quizplus · Accepted Answer

An increase in the number of sellers in a market will result in an increase in the supply of goods or services. This is because there are more producers now. As a result, the supply curve will shift to the right. This will lead to a decrease in the equilibrium price and an increase in the equilibrium quantity. So, Option C in the correct answer.

If the Number of Sellers in a Market Increases The