SUPPLY AND TERMS RELATED TO SUPPLY

WHAT IS SUPPLY?

SUPPLY shows the ability of seller how much goods he can offer to sell at different  prices.

QUANTITY SUPPLY:

The actual amount of goods that the seller is able to sell.

THE LAW OF SUPPLY :

When other things will remain constant
the quantity supplied and price of a commodity will directly proportionate to each other. If price of commodity rises then quantity supplied will also rise.

SUPPLY SCHEDULE :

For showing the relationship between the price of a good and the quantity supplied we make a table which is called SUPPLY SCHEDULE .