Question

There is an increase in the supply of a good when there is __________.

A decrease in the number of buyers.

An increase in the number of buyers.

A fall in the price of the good.

An increase in the number of sellers.

Answer 1

There is an increase in the supply of a good when there is **an increase in the number of sellers**.

An increase in the number of sellers typically leads to more of the good being available in the market, thus increasing the overall supply.