Supply

7 Fri, Oct 2022

Mitchell

Mitchell

Supply is the economic principle that refers to the total amount of a specific good or service that is supplied and made available to consumers. It is the total quantity supplied across all suppliers in a market at a specific price for a given good or service. It relates very closely to the demand of a given good or service at a specified price as the supply provided by producers will fall if demand falls, and vice versa.