What is Supply?

Supply refers to the amount of goods and services firms or producers are willing and able to sell in the market at a possible price.

Law of Supply

It states that when the price of a commodity rises, the supply for it also increases.
The higher the price for the good or service the more it will be supplied in the market. The reason behind it is that more and more suppliers will be interested in supplying those good or service whose prices are rising.

supply curve

Watch a Video

 

Visit our Shop on 

 

VISIT

Crosswords

PDF FILE

Download

MindMaps

PDF FILE

Download

Cheatsheets

PDF FILE

Download

Testimonials

Joomla Module OT Testimonial powered by OmegaTheme.com