Question #207859
  • If five (5) companies are supplying bolts and screws, and one company closes down, what will happen in the market for bolts and screws? A. The quantity supplied will decrease.
  •  B. The supply of bolts and screws will decrease.
  •  C. The demand for bolts and screws will increase.
  •  D. Nothing will happen, as the market is currently in equilibrium.
1
Expert's answer
2021-06-17T09:46:33-0400

B. The supply of bolts and screws will decrease.


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