Assume that the number of sellers in a market increase, what will happen to the supply curve for the product, and what will happen to the price and quantity in the market ?

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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Iamakshay Iamakshay · Answer 2 · 2022-07-12T14:51:30+02:00

When the number of sellers in a market increases then the supply curve for the product shifts to the right.

What will happen to the price and quantity in the market?

It's a fundamental economic principle that when supply exceeds demand for a product then prices fall.
The quality of the product in the market reduces as there are many sellers now so there will be some sellers who will give a cheaper product which is made from cheaper quality.
The quantity of the product in the market will increase as there are now more sellers in the market.
A positive change in supply when demand is constant shifts the supply curve to the right, which results in an intersection that yields lower prices and higher quantity.

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