Adecrease in the number of sellers in the market causes
(a) the supply curve to shift to the left.
(b) the supply curve to shift to the right.
(c) a movement up and to the right along a stationary supply curve.
(d) a movement downward and to the left along a stationary supply curve.

In the market economy there are two important factors, supply and demand, which are the regulators of the market price.

The offer is conditioned by fators such as technological advances, the number of sellers, the cost of supplies, and the expectations of sellers.

Thus, a change in these factors has an impact on the supply curve, which marks the relationship between prices and quantity, in the case of the number of sellers, as the number decreases, so will the quantities available, so the curve would experience a movement to the left.

Answer

(A) the supply curve to shift to the left.

urban company reports the following information regarding its production cost: units produced 37,000 units direct labor $ 30 per unit direct materials $ 35 per unit variable overhead $ 237,000 in total fixed overhead $ 127,000 in total