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Define supply?

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Define supply?

Posted by Yash Verma 6 years, 10 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 6 years, 10 months ago

Supply refers to the quantity of a commodity that a firm is willing and able to offer for sale, at each possible price during a given period of time.
In other words, supply is that part of stock which is actually brought into the market for sale. Stock can never be less than supply.
For example, a seller has a stock of 50 tonnes of sugar in the go down. If the seller is willing to sell 30 tonnes at a price of Rs. 37 per kg, then supply of 30 tonnes is a part of total stock of 50 tonnes.

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