If the Number of Sellers Decreases, Then the Supply Curve

question 22

Multiple Choice

If the number of sellers decreases, then the supply curve

• A)does not shift; does not change but there is a decrease in the quantity supplied
• B)shifts rightward; increases
• C)shifts leftward; decreases
• D)shifts leftward; increases
• E)shifts rightward; decreases

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Definitions:

Distinctive

Having unique characteristics that set something or someone apart from others.

Patent

A government authority or license conferring a right or title for a set period, especially the sole right to exclude others from making, using, or selling an invention.

Medical Use

Refers to the utilization of drugs, procedures, therapies, or devices to treat or manage a health condition.

Fingernail-Sized

A descriptive term indicating something very small, roughly the size of a human fingernail.