If the Number of Sellers Decreases,then the Supply Curve ________

question 113

Multiple Choice

If the number of sellers decreases,then the supply curve ________ and the supply ________.

• A) shifts rightward; increases
• B) shifts rightward; decreases
• C) shifts leftward; increases
• D) shifts leftward; decreases
• E) does not shift; does not change, but there is a decrease in the quantity supplied

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Definitions:

Feasibility

The practicality or possibility of something being accomplished or achieved.

Decision Making

The process of selecting among various alternatives based on the analysis and evaluation of available information.

Working Model

A preliminary version of a product that demonstrates its functionality and features, often used for testing and feedback.

Communicate

The act of transferring or exchanging information, feelings, or ideas through speech, writing, signals, or behaviors.