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:

National Park

A natural area protected for its scenic beauty, biodiversity, and recreational opportunities, often managed by governments for conservation and public enjoyment.

In Situ Conservation

Conservation methods that protect the genetic diversity of species in their natural habitats.

Ecosystem Service

Natural processes and elements that provide benefits to humans or other parts of the environment, such as pollination, water purification, and carbon sequestration.

Boreal Forest

A biome characterized by coniferous forests located in the northern regions, including parts of North America, Europe, and Asia.