In a competitive market, a company is acting as below; When the price goes up, sellers are willing to supply more units than before. b) - When the price goes down,sellers are willing to supply more units than before. When the price is stable, sellers are willing to supply more units than before. d When the price is not known sellers are willing to supply more units than before. In a competitive market demand occurs, When a consumer is willing to buy for a certain price. b. When a consumer is willing to buy,and able to purchase at each price. c When supply is sufficient in the market. When sufficient firms are available in the market. In a competitive market if price of a certain good or service is decreased, we expect; Increase in demand for this product or service. b- - Increase in supply of this product or service.

## Step 1<br />The first part of the question asks about the behavior of sellers in a competitive market. In a competitive market, the behavior of sellers is determined by the law of supply. The law of supply states that, all else being equal, an increase in price results in an increase in the quantity supplied. This is because higher prices provide an incentive for producers to produce more to maximize profits.<br /><br />## Step 2<br />The second part of the question asks about the behavior of consumers in a competitive market. The behavior of consumers is determined by the law of demand. The law of demand states that, all else, as the price of a good or service increases, the quantity demanded decreases. Conversely, as the price of a good or service decreases, the quantity demanded increases.<br /><br />## Step 3<br />The third part of the question asks about the effect of a decrease in the price of a good or service in a competitive market. According to the law of demand, if the price of a good or service decreases, the quantity demanded for that good or service increases.