What is supply?
The different amounts of a product that a seller would make available for sale at different prices in a defined time period when all non-price factors are held constant.
Supply refers to the quantity of a particular good or service that producers are willing and able to offer for sale at a given price and time period. It represents the relationship between price and quantity supplied, meaning that as the price of a good or service increases, the supply of that good or service will also increase, all other things held constant. Producers consider a variety of factors when determining how much to supply, including production costs, technology, resource availability, and market conditions. The law of supply states that when all other factors remain constant, as the price of a good increases, the quantity of a particular good or service that producers are willing to supply increases as well.
More Answers:
Understanding Market Demand & Market Supply: The Key Concepts of EconomicsExploring the Dynamics of Markets: Understanding Supply and Demand, Competition, and Consumer Behavior
Understanding the Law of Supply: How Increasing Prices Affect Quantity Supplied
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