What happens to the equilibrium price of a good when there is an increase in supply, assuming demand remains constant?

When there is an increase in supply of a good while demand stays the same, the equilibrium price usually goes down. This happens because more of the good is available, so sellers might lower their prices to attract buyers. For example, if a farmer grows more apples than usual, there will be plenty of apples in the market. Since there are more apples but the same number of people wanting to buy them, the price of apples will likely drop. Overall, an increase in supply leads to lower prices when demand does not change.