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Question Practice

How does the number of firms in the market affect the market supply curve?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
The Theory Of The Firm Under P...
Question Bank

How does the number of firms i...

Single Answer MCQ
Q-00089532

How does the number of firms in the market affect the market supply curve?

1

More firms lead to less market supply

2

More firms lead to a shift of the market supply curve to the left

3

More firms lead to an increase in market supply at each price

4

The number of firms has no effect on supply

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