The increase in the number of sellers of a good would
A. move its supply curve to the left.
B. cause a movement along the supply curve to a (lower price, lower quantity) point.
C. move its supply curve to the right.
D. cause a movement along the supply curve to a (higher price, higher quantity) point.
Answer: C
You might also like to view...
Capital outflows in the balance of payments accounts include
a. purchases of financial assets by U.S. residents. b. direct investments in foreign countries. c. indirect investments in foreign countries. d. purchases of U.S. real estate by foreigners. e. all of the above
Aggregate demand is
A) the horizontal summation of all demand curves for a product. B) the sum of all planned expenditures for the economy. C) the total quantity of all goods sold in an economy in a year. D) the horizontal summation of all demand curves for state, local, and federal governments and business firms.