Suppose That the Number of Companies Selling Computer Software Decreases

question 503

Essay

Suppose that the number of companies selling computer software decreases. How does this change affect the supply of computer software and the supply curve of computer software?

---

Definitions:

Sweden

A country in Northern Europe known for its high standard of living, advanced welfare state, and commitment to social equality.

Cars

Cars are motor vehicles with four wheels designed to transport people on roads.

Opportunity Cost

The economic consequence of overlooking the subsequent best option when decisions are made.

Car

A wheeled motor vehicle used for transportation, typically powered by an internal combustion engine or electric motor.