Respuesta :
The amount of any item or service that sellers are willing and able to sell at a specific price is known as the quantity supplied. Although there are many factors that impact supply, only pricing can control how much is provided.
What Is Supply?
- The entire amount of a certain commodity or service that is offered to customers is known as the supply, and it is a fundamental economic notion.
- Supply can be defined as the quantity offered at a certain price or, if shown on a graph, the quantity offered across a range of prices.
- This has a direct relationship to the demand for an item or service at a certain price; all other things being equal, the supply offered by producers will increase as the price rises because all businesses aim to maximise profits.
- The contemporary economy is based on movements in supply and demand.
- Depending on the price, utility, and personal preferences of each particular commodity or service, supply and demand patterns will vary.
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