Share This Article:

Economic Definition of number of sellers. Defined.

Offline Version: PDF

Term number of sellers Definition: One of the five supply determinants assumed constant when a supply curve is constructed, and that shift the supply curve when they change. The other four are resource prices, technology, other prices, and sellers' expectations. This determinant is based on the simple observation that if more people are willing and able to sell a good, then supply is greater.


« number of buyers | OAS »


Alphabetical Reference to Over 2,000 Economic Terms