Economics B A-Level
Changes in the number of firms in an industry
What Changes in the number of firms in an industry means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Changes in the number of firms in an industry
Check what you remember
Read the wording for your board, then hide it and explain Changes in the number of firms in an industry in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
New entrants alter total market supply and shift the supply curve right.
Topics that use Changes in the number of firms in an industry
- Supply (Pearson Edexcel A-Level)
Related terms
- Ceteris paribus
- Contraction
- Ethical production
- Extension
- Movement along a supply curve
- Profit maximisation
- Sales maximisation
- Shift of the supply curve
Using Changes in the number of firms in an industry in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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