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  • 07-09-2021
  • Business
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How does a change in Expectations cause a change in supply?

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greatosawe
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  • 07-09-2021
A change in the number of sellers in an industry changes the quantity available at each price and thus changes supply. An increase in the number of sellers supplying a good or service shifts the supply curve to the right; a reduction in the number of sellers shifts the supply curve to the left.
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