An increase in supply, while holding demand constant, results in an increase in the equilibrium price of the good, but a decrease in the equilibrium quantity of the good. Read below about supply.
Supply refers to the act of making (something needed or wanted) available to someone; provide. In economics, supply is the amount of a resource that firms, producers, labourers, or other economic agents are willing and able to provide to the marketplace or to an individual. Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object.
Therefore, the correct answer is given above
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