INTRODUCTION OF SUPPLY : Supply is one of the economic concept. It is often associated with demand. It is the fundamental principle of economics . It is popularized in the textbook ''PRINCIPLE OF ECONOMICS'' .
MEANING OF SUPPLY : Supply is the willingness ability of the producers to often the goods in the market places for the given prices .
RELATIONSHIP OF SUPPLY : Generally if Price of the good is low and demand of the good is also low then; supply will be high . If price of the good is high and the demand of the good is aslo high then; supply of the good will be low . This is the relationship between price,demand,supply .
QUANTITY SUPPLIED : In economics quantity supplied describes about the amount of goods or services that are supplied at a given market price . It depends upon the prices fixed by the market forces .
EXAMPLE : There are mangoes over the period of particular year. The demand for the mangoes for the particular season will be high and the price of the mangoes are also high.. as the price of the mangoes are high; the supply will be low .
MEANING OF SUPPLY : Supply is the willingness ability of the producers to often the goods in the market places for the given prices .
RELATIONSHIP OF SUPPLY : Generally if Price of the good is low and demand of the good is also low then; supply will be high . If price of the good is high and the demand of the good is aslo high then; supply of the good will be low . This is the relationship between price,demand,supply .
QUANTITY SUPPLIED : In economics quantity supplied describes about the amount of goods or services that are supplied at a given market price . It depends upon the prices fixed by the market forces .
EXAMPLE : There are mangoes over the period of particular year. The demand for the mangoes for the particular season will be high and the price of the mangoes are also high.. as the price of the mangoes are high; the supply will be low .
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