As the Number of Suppliers of a Product Increases,the Supply

question 2

Multiple Choice

As the number of suppliers of a product increases,the supply curve shifts to the _____ and the price will _____.

• A)right; fall
• B)right; rise
• C)left; fall
• D)left; rise

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Definitions:

Union Position

The stance or perspective maintained by a labor union on various issues, including wages, working conditions, and policies affecting its members.

Income Inequality

The unequal distribution of income within a population, leading to disparities in wealth and living standards among different socioeconomic groups.

Labor Movement

A collective organization of working people that seeks to improve wages, working conditions, and workers' rights through various forms of protest and negotiation.

Nonunion Environments

Workplaces where no labor unions represent the workers, often characterized by more direct employer-to-employee relations.