A Decrease in the Number of Sellers in the Market

question 93

Multiple Choice

A decrease in the number of sellers in the market for a good causes:

• A)the supply curve of the good to shift to the left.
• B)the supply curve of the good to shift to the right.
• C)a movement up and to the right along a stationary supply curve of the good.
• D)a movement downward and to the left along a stationary supply curve of the good.
• E)a change in the slope of the supply curve of the good.

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Definitions:

Direct-Selling Retailers

Retailers that sell products directly to customers away from a static commercial retail location, often through personal interactions or at home.

Social Shopping Experience

The integration of e-commerce and social media platforms to facilitate interactive shopping, where users can share, discuss, and recommend products within their social networks.

Direct Selling

A retail channel for selling products or services directly to consumers in their homes or another non-store environment, bypassing traditional retail stores.

Person-To-Person Sales

A direct sales method where products are sold by individuals directly to consumers, often in a face-to-face manner, outside of a retail environment.