An Increase in the Number of Consumers in a Market

question 162

Multiple Choice

An increase in the number of consumers in a market would cause

• A) an increase in quantity demanded.
• B) an increase in quantity supplied.
• C) an increase in demand.
• D) an increase in supply.

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Definitions:

Health and Safety Statistics

Data and metrics related to workplace incidents, injuries, illnesses, and fatalities, used to assess and improve the occupational health and safety conditions.

Zero-Sum Game

A theoretical situation in negotiation or conflict where one party's gain is directly proportional to another's loss, leaving no net benefit.

Constant-Sum Game

A situation in decision theory where the total payoff to all players remains constant regardless of the strategies employed, implying that any gain by one party directly corresponds to a loss by another.

Distributive Bargaining

A negotiation strategy in which parties compete over the distribution of a fixed asset or resource, often resulting in a win-lose situation.