An Increase in the Number of Producers Will

question 409

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.
• E) decrease the market supply, because firms compete with each other and each firm will supply more.

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