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What is supply

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What is supply
  • 3 answers

Tina Saini 4 years, 10 months ago

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.

Bharat Mahajan 4 years, 10 months ago

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..

Ishu Sharma 4 years, 10 months ago

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.
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