When more producers enter a competitive market, the market supply curve
A)shifts to the right.
B)shifts to the left.
C)does not shift.
D)always becomes steeper.
E)always becomes flatter.

Name: When more producers enter a competitive market, the market supply curve A)shifts to the right. B)shifts to the left. C)does not shift. D)always becomes steeper. E)always becomes flatter.
Brand: Quizplus
Rating: 4.7 (27 reviews)

Question

Quizplus · Accepted Answer

The entry of more producers increases the quantity supplied in the market, causing the supply curve to shift to the right.

When More Producers Enter a Competitive Market, the Market Supply