if the number of firms in an industry decreases, the supply curve will shift to the right. a. true b. false…

if the number of firms in an industry decreases, the supply curve will shift to the right. a. true b. false a change in which of the following will result in a shift of the supply curve? a. technology and productivity b. cost of inputs used to produce the product c. taxes and subsidies d. all of the above.

if the number of firms in an industry decreases, the supply curve will shift to the right. a. true b. false a change in which of the following will result in a shift of the supply curve? a. technology and productivity b. cost of inputs used to produce the product c. taxes and subsidies d. all of the above.

Answer

Brief Explanations:

When the number of firms in an industry decreases, the quantity supplied at each price level falls, causing the supply curve to shift left, not right. Changes in technology and productivity, cost of inputs, and taxes and subsidies all affect the cost - structure or production capacity of firms, leading to shifts in the supply curve.

Answer:

  1. B. False
  2. D. All of the above.