Multiple Choice
An increase in the number of producers of a good will
A) increase the market supply because the price will rise
B) increase the market supply only if market demand increases too
C) increase the market supply because market supply is the sum of all individual supply curves
D) increase the market supply only if all suppliers have an identical supply curves
E) decrease the market supply because firms compete with each other and each firm will supply more
Correct Answer:
Verified
Correct Answer:
Verified
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Q145: Exhibit 4-11 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 4-11
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