A Decrease in the Number of Sellers in the Market

question 13

Multiple Choice

A decrease in the number of sellers in the market causes

• A)the supply curve to shift to the left.
• B)the supply curve to shift to the right.
• C)a movement up and to the right along a stationary supply curve.
• D)a movement downward and to the left along a stationary supply curve.

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Definitions:

Negative Response Set

A tendency to consistently respond negatively to questions or items in personality assessments or questionnaires.

Personality Inventory

A questionnaire or assessment tool used to evaluate personality traits and characteristics.

Social Desirability Bias

The tendency of survey respondents to answer questions in a manner that will be viewed favorably by others, often leading to overreporting of "good" behavior or underreporting of "bad" behavior.

Reaction Formation

A defense mechanism where an individual acts in a manner opposite to their actual feelings or desires, often due to guilt or societal pressures.