The Increase in the Number of Sellers of a Good

question 173

Multiple Choice

The increase in the number of sellers of a good would

• A)move its supply curve to the right.
• B)move its supply curve to the left.
• C)cause a movement along the supply curve to a (higher price, higher quantity)point.
• D)cause a movement along the supply curve to a (lower price, lower quantity)point.

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Definitions:

Skew

An indicator of how much the probability distribution of a real-valued random variable deviates from being symmetrical.

Sigma

A symbol used in statistics to represent the standard deviation of a population or summing operations.

Sample Size

Refers to the number of individuals or observations included in a sample, which represents a subset of the larger population.

N

Represents the sample size or the number of observations in a dataset.