Question

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

An increase in the number of buyers

A decrease in the number of sellers.

Achieved market equilibrium

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**.

When more sellers enter the market, the overall supply of the good increases, leading to a greater availability in the market.