So many buyers and sellers that each has only a small on the market price and output

According to your text, many people don't understand how economic systems work because they

A) are too lazy to study them. B) don't think economic systems matter greatly. C) tend to look at them when they are not performing adequately. D) prefer to believe what they read or hear in the media. E) have not been trained in the scientific way of thinking.

As the number of firms in a market decreases, the supply curve will shift to the left and the equilibrium price will fall

Indicate whether the statement is true or false