As the Number of Firms in a Market Decreases, the Supply

question 203

True/False

As the number of firms in a market decreases, the supply curve will shift to the left and the equilibrium price will rise.

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Definitions:

Salivary Amylase

An enzyme found in saliva that initiates the breakdown of starches into simpler sugars during digestion.

Salivary Glands

Exocrine glands in the mouth that produce saliva, aiding in digestion and helping maintain oral health.

Gastric Lipase

An enzyme secreted by the stomach that plays a critical role in the digestion of dietary fats.

Stomach

A hollow organ in the gastrointestinal tract that secretes gastric juices aiding in the digestion and breaking down of food.