Final answer:
On a market graph, an increase in total supply is shown by a rightward shift of the supply curve, resulting in a lower price and higher quantity supplied.
Step-by-step explanation:
On a market graph, an increase in total supply is represented by a rightward shift of the supply curve. This shift means that for every given price level, the quantity supplied is higher. For instance, if a technological advancement halves the production time of a product, the supply curve will shift to the right, indicating that more of the product can be supplied at each price level. Conversely, factors such as an increase in the cost of inputs would shift the supply curve to the left, indicating a decrease in supply.
The implications of an increased total supply typically include a decrease in price and an increase in the quantity supplied. Therefore, when interpreting a market graph, a shift to the right of the supply curve from S0 to S2 will generally result in a lower price and a greater quantity of goods being supplied to the market.