What is supply??
Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph.
Supply is the quantity that producer is willing and able to sell at particular price at particular time… Note :- supply and sales are two different concepts.. Supply is the quantity of goods producer is willing to sell however sales is actual quantity of goods sold out.. For Eg Imagine you are wheat producer.. You are willing to sell 100 kg in a day however only 60 kg was being sold out.. Here 100 kg is supply while 60 kg is sales.. I hope I am able to clear all of your doubts..
Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph.
Yo produce good and sell in the market is commonly called supply.
Supply is the quantity of goods a firm offers to sell in the market at a given price. Now the theory of supply states that with an increase in price the number of goods a firm wishes to supply will also increase