A Decrease in the Number of Sellers in the Market

question 13

Multiple Choice

A decrease in the number of sellers in the market causes

• A)the supply curve to shift to the left.
• B)the supply curve to shift to the right.
• C)a movement up and to the right along a stationary supply curve.
• D)a movement downward and to the left along a stationary supply curve.

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Definitions:

Shareholder Stake

The interest or share that an individual or entity has in the ownership of a company, often expressed as a percentage of the company's stock.

Company Owes

The financial obligations or debts that a business is legally required to repay to creditors, suppliers, or other entities.

Operating Profit

The amount left over from revenue once all costs and expenses are subtracted.

General Expenses

The overhead costs not directly tied to the production of goods or services, including rent, utilities, and office supplies.