An increase in supply means that?

A. more is sold at different prices
B. more is sold at the same price
C. there is a leftward shift of the supply curve
D. there is a movement along the supply curve

Correct Answer:

Option B – more is sold at the same price

Explanation

An increase in supply refers to the rise in the supply of a good or service at the same price or a rightward shift in the supply curve.

This means that producers plan to sell more of the goods at each possible price.