In a Competitive Market What Happens to the Quantity Supplied

question 50

Multiple Choice

In a competitive market what happens to the quantity supplied when the supply curve shifts left?  

• A) It increases. 
• B) It decreases. 
• C) It stays the same. 
• D) It may increase or decrease.

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Definitions:

Room Preparation

The process of arranging and setting up a room for a specific purpose or event, which can include cleaning, organizing, and equipping the space with necessary items.

ECG Paper

Specialized grid paper used in electrocardiography to record the electrical activity of the heart over a period of time.

Depolarization

The loss of polarity, or opposite charges inside and outside; the electrical impulse that initiates a chain reaction resulting in contraction.

Electrical Impulse

A rapid, transient electrical charge that travels along the membrane of a nerve or muscle cell.