What is a likely outcome when more suppliers enter a market?

When more suppliers enter a market, the overall supply of goods or services tends to increase. This influx of new suppliers often leads to increased competition among them. As competition rises, suppliers may lower their prices to attract more consumers, leading to a general decrease in prices for that good or service. This phenomenon is aligned with the economic principle of supply and demand, where an increase in supply, assuming demand remains constant, typically results in lower prices.

The other options do not accurately reflect the typical outcomes of increased supply due to more suppliers entering a market. For instance, if prices were to increase dramatically or if supply became more scarce, that would suggest a decrease in competition or supply, rather than an increase. Similarly, demand does not necessarily decrease just because more suppliers are present; demand is influenced by a range of factors beyond just the number of suppliers in the market.