Other things being equal, an increase in supply will lead to

Answer Details

When the supply of a product increases, there is a greater quantity of the product available in the market, which will lead to a decrease in the price of the product, assuming that the demand for the product remains constant. This happens because sellers are willing to offer more of the product at a lower price to make sure they can sell it all. As a result, consumers are more willing to buy the product since they can get it at a lower price. Therefore, an increase in supply leads to a fall in price and an increase in quantity bought and sold.