An Increase in the Number of Suppliers in a Market

question 97

Multiple Choice

An increase in the number of suppliers in a market results in a

• A) movement up along the supply curve.
• B) rightward shift in the supply curve.
• C) leftward shift in the supply curve.
• D) Both answers A and C are correct.

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Definitions:

Individual Difference

variations among people in their qualities, abilities, or characteristics.

Large Divisions

Significant differences or disagreements among groups or individuals.

Negotiation

A process where two or more parties communicate and compromise to reach an agreement beneficial to all involved.

Relationships

Connections, associations, or interactions between individuals or groups, often characterized by emotional or social ties.