Quantity. Supplyis the willingness and the ability of producers to sellgoods and services to consumers

_Q1 _Q2

Supply is the willingness and the ability of producers to sellgoods and services to consumers. In other words, supply is related to the limited resources that producers use as inputs and influences producers decisions what, how much and at what price to sell.

The supply curve is used to illustrate the quantity of a good that producers wish to sell at each price. Other things equal, when prices are high, the supplied quantity is high as well.

The concepts of demand and supply can be illustrated graphically.

Figure 3.2 Supply curve.

Price

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Дата добавления: 2014-01-03