An Increase in the Number of Producers of a Good

question 147

Multiple Choice

An increase in the number of producers of a good will

• A)increase the market supply because the price will rise
• B)increase the market supply only if market demand increases too
• C)increase the market supply because market supply is the sum of all individual supply curves
• D)increase the market supply only if all suppliers have an identical supply curves
• E)decrease the market supply because firms compete with each other and each firm will supply more

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A comprehensive document that outlines how technology will be used to meet IT and business goals.

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