Ask Question
BusinessBusiness
27 March, 04:28

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.

+3
Answers (1)
  1. 27 March, 07:56
    0
    In the market economy there are two important factors, supply and demand, which are the regulators of the market price.

    The offer is conditioned by fators such as technological advances, the number of sellers, the cost of supplies, and the expectations of sellers.

    Thus, a change in these factors has an impact on the supply curve, which marks the relationship between prices and quantity, in the case of the number of sellers, as the number decreases, so will the quantities available, so the curve would experience a movement to the left.

    Answer

    (A) the supply curve to shift to the left.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Heather is the copy editor for the newspaper. She has to read everything before it goes to print because it has to be perfect. She sets rigid deadlines to make sure she has enough time to correct everyone's mistakes.
Answers (1)
Salvia Company recently purchased a truck. The price negotiated with the dealer was $40,000. Salvia also paid sales tax of $2,000 on the purchase, shipping and preparation costs of $3,000, and insurance for the first year of operation of $4,000.
Answers (1)
In the treaty of Kanazawa, Japan aggred to
Answers (1)
If there were 60,000 pounds of raw materials on hand on January 1, 120,000 pounds are desired for inventory at January 31, and 410,000 pounds are required for January production, how many pounds of raw materials should be purchased in January?
Answers (1)
Which of the following is a distance-based method for location alternatives evaluation? Factor rating methodDecision treeBreak-even approachTransportation methodCenter of gravity approach
Answers (2)
New Questions in Business
Evan Company reports net income of $140,000 each year and declares an annual cash dividend of $50,000. The company holds net assets of $1,200,000 on January 1, 2017.
Answers (1)
Those who believe that regulations on business and industry are too numerous and too complex are most likely to favor the policy of
Answers (1)
In phenomenological studies, researchers strive to ensure that their own preconceived beliefs and opinions do not influence the emerging data, using which strategy? a. Constant comparison. b. Participant observation. c. Hermeneutics. d. Bracketing.
Answers (1)
A survey by the National Restaurant Association found that 70% of consumers say that they are more likely to visit restaurants that offer locally produced food.
Answers (1)
Which of the following is not a quality of a good employee? a. hardworking b. dishonest c. polite d. punctual
Answers (2)
Home » Business » 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.
Sign Up Forgot Password?