Why Will an Increase in the Number of Producers of a Good

question 199

Multiple Choice

Why will an increase in the number of producers of a good increase the market supply?  

• A) because the price will rise 
• B) because the market demand increases too 
• C) because market supply is the sum of all individual supply curves 
• D) because all suppliers have identical supply curves

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Definitions:

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The highest federal court in the United States, which has the ultimate appellate jurisdiction over all federal and state court cases involving issues of federal law, plus original jurisdiction over a few specific cases.