4.8k views
3 votes
If the number of sellers in a market increases, then the A. demand in that market will increase B. supply in that market will increase C. supply in that market will decrease D. demand in that market will decrease

1 Answer

4 votes

Answer:

Step-by-step explanation:

If the number of sellers in a market increases, then the supply in that market will increase. This is because, with more sellers, there is a larger number of products available for consumers to purchase. As a result, the overall supply of goods in the market increases, leading to greater competition among sellers and potentially lower prices for consumers.

In contrast, if the number of sellers in a market decreases, the supply in that market will decrease. This can lead to higher prices for consumers due to reduced competition and a smaller number of goods available for purchase.

It is important to note that the relationship between the number of sellers in a market and the supply of goods is not always straightforward and can be influenced by other factors, such as changes in the cost of production, consumer preferences, and technology.

User Thida
by
7.0k points