The nature of supply means that as the price of a good increases
a- buyers will buy less of it
b- sellers will offer more of the good for sale
c- buyers will buy more of it
d- sellers will lower costs
The scenario which is given is of the nature of supply when the price of good increases. The correct answer is option B, which states “sellers will offer more of the good for sale”
This basically means there is a direct or a positive relation between the price of the goods increases, this will help in earning more at the same quantity, this will also help the supplier to get more share of profit for himself or herself, as a result, naturally the supplier would want to supply more good and it will be in the interest of the seller to supply more goods. When the price is increased, the more the seller is able to sell, the more the money will the seller be able to make it. However, if this was the case when the prices of the good have decreased, the seller would lose the zeal and would want to sell lesser commodities.