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An increase in supply means that

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Economics WAEC 2020

An increase in supply means that

  • more is sold at different prices
  • more is sold at the same price checkmark
  • there is a leftward shift of the supply curve
  • there is a movement along the supply curve

The correct answer is: B

Explanation

 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.

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