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:

Dismissal Interview

A meeting between an employee and employer formally discussing the reasons for the employee's termination from the company.

Organisational Policies

Guidelines and rules that govern the operations, culture, and decision-making within an organisation, shaping its working environment and behavior.

Labour Market

The supply and demand for workers, in particular the workforce available for certain jobs and the need employers have for certain skills.

Dismissing An Employee

The act of permanently removing an employee from their position of employment, often due to performance issues or misconduct.