What occurs to the supply of a good when there is a change in quantity supplied due to a price increase?

When there is a price increase for a good, the supply curve reflects a positive relationship between price and quantity supplied, which means that producers are generally willing to supply more of the good as the price rises. This happens because higher prices can lead to greater potential revenues, incentivizing producers to increase production to capitalize on the opportunity for more profit.

In the scenario described, an increase in the price of the good leads to an increase in the quantity supplied, which is a fundamental principle of supply in economics. Therefore, the correct answer is that there is an increase in quantity supplied. This concept is critical in understanding market dynamics, as it illustrates how producers respond to price changes in terms of supply. In contrast, a decrease in quantity supplied would indicate that producers are less willing to produce the good at higher prices, which contradicts standard economic theory. Similarly, stating that there is no change in quantity supplied or discussing a decrease in demand does not accurately reflect the expected response to a price increase within the context of supply mechanics.