Question

if there is an increase in the number of firms in the market the supply of a commodity​

Answer 1

Answer:

Determinants of the Market Supply curve

Market supply is the sum total of individual contributions to supply. As a result, if the number of firms in the market increase, the total supply or the market supply will definitely rise.

Explanation:

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Answer 2

Answer:

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In terms of total supply to a market, the number of firms in the market will affect the total supply. New firms in a market will increase market supply and firms leaving will reduce supply.

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