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:

Corporate Function

Essential activities or roles within an organization that support its core business operations, such as human resources, finance, and IT.

Flexible Budget

A budget that adjusts or varies with changes in volume or activity, allowing for more accurate costing and financial planning.

Dye Costs

The expenditures associated with dyes or coloring agents used in the manufacturing process of products.

Skeins

Lengths or coils of yarn or thread as they are sold or produced, often used in textiles and knitting.