Connect with a community that values knowledge and expertise on IDNLearn.com. Our platform is designed to provide quick and accurate answers to any questions you may have.
Sagot :
The number of sellers or competitors in a market is a determinant or shifter of the supply curve.
Who is a seller?
A seller can be defined as a person selling their goods or services to the people in the market. A seller can be an individual, a wholesaler, or an enterprise.
The change in the supply curve can be defined as the relation between the price of the commodity and the number of suppliers.
As a new competitor or new supplier enter the market, there will be a consequence ship in the supply curve, and they change the moment from the upward and the downward slope.
Learn more about seller, here:
https://brainly.com/question/12806996
#SPJ4
We appreciate your contributions to this forum. Don't forget to check back for the latest answers. Keep asking, answering, and sharing useful information. Discover the answers you need at IDNLearn.com. Thank you for visiting, and we hope to see you again for more solutions.
