An Increase in the Number of Producers Will

question 92

Multiple Choice

An increase in the number of producers will:

• A) increase the market supply, because the price will rise.
• B) increase the market supply only when market demand increases too.
• C) increase the market supply, because market supply is the sum of all individual supply curves.
• D) increase the market supply only if each supplier has an identical supply curve.

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A LAN Protocol is a set of standards and rules that govern data communication within a Local Area Network, facilitating the exchange of information between connected devices efficiently.

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Internet Service Provider, a company that provides customers access to the Internet and related services.