Question

14)What would happen if the number of firms producing a commodity in the economy increases?
Select one:
a. The aggregate supply curve would remain unchanged
b. The aggregate supply curve would shift to the right
c. The aggregate supplycurve would shift to the left
d. The aggregate demand curve would shift to the left​

Answer 1

Answer:

c

Explanation:

I don't know the explanation

Answer 2

The number of manufacturing firms in the economy is growing are:

• The option is (a). The turnover curve will remain unchanged.

• According to the law of supply chain, the supply of goods increases with its value.

• However, some firms are willing to offer more even at prices that do not guarantee increased profitability.

• The reason for this move is to capture the wider markets and position them as major market players.

• "If demand and supply of goods increase both, the price of the valuation may not change, it may increase, it may decrease."

• The good market is equal.

• As a result, if the number of firms in the market grows, the total value or supply of the market will inevitably increase.

• Conversely, if some firms decide to suspend their supply side, market supply will decline.

• Retailers often combine their offerings based on future expectations.