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How does a increase in the number of firms in a market affect the market supply curve? - Economic Applications

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Question

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

One Line Answer
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Solution

Market supply curve will shift towards right.

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Chapter 3: Theory of Supply - QUESTION BANK [Page 75]

APPEARS IN

Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 3 Theory of Supply
QUESTION BANK | Q 21. | Page 75
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 4 Theory of Supply
QUESTION BANK | Q 21. | Page 101
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