WAEC - Economics (2020 - No. 14)
An increase in supply means that
more is sold at different prices
more is sold at the same price
there is a leftward shift of the supply
curve
there is a movement along the supply
curve
Spiegazione
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.