When the Number of Firms in a Market Decreases

question 72

Multiple Choice

When the number of firms in a market decreases,

• A) the demand curve shifts to the left.
• B) the demand curve shifts to the right.
• C) the supply curve shifts to the right.
• D) the supply curve shifts to the left.
• E) both the supply and the demand curves shift to the left.

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Definitions:

Risk Taking

The act of undertaking actions which involve danger or risk in order to achieve a specific outcome, often seen as a necessary component of success and growth.

Purging

A behavior in which individuals attempt to remove unwanted food or substances from their body, often associated with eating disorders.

Prefrontal Cortex

The front part of the frontal lobe responsible for complex cognitive behavior, decision making, and moderating social behavior.