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Author Question: An increase in the number of producers of a good will a. increase the market supply because the ... (Read 63 times)

Davideckstein7

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on: Jul 1, 2018
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

Question 2

If suppliers expect an increase in price, they will reduce the current supply of a good.
 a. True
  b. False


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ashely1112

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

A


Davideckstein7

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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