What is typically the result of increasing prices on the quantity supplied?

Increasing prices usually leads to an increase in quantity supplied. This relationship is based on the law of supply, which states that, all else being equal, an increase in the price of a good or service will lead to an increase in the amount that producers are willing and able to sell.

When prices rise, suppliers are incentivized to produce more because they can achieve higher revenues for each unit sold. Higher prices can cover the higher costs that may be associated with increasing production, allowing firms to maximize profit. In this sense, suppliers respond to the price signal by increasing the quantity of the good they are willing to offer in the market.

It's also important to note that this effect does not indicate a change in supply itself—supply refers to the overall relationship between price and quantity supplied, which can shift due to factors such as production costs, technology, or regulations—whereas quantity supplied refers specifically to how much producers are willing to sell at a particular price point. Therefore, an increase in price leading to an increase in quantity supplied is a fundamental principle in economics that reflects producers' responsiveness to market conditions.