What is the Supply?

The supply is the amount that sellers are willing and able to pay at different prices. The price is positively related to the quantity asked for the good. The supply curve is a graph of the relationship between the price of a good and the quantity supplied. 

GG

Related Business Studies A Level answers

All answers ▸

What are the five levels in Maslow's Hierarchy of Needs?


Analyse one way in which having seasonal patterns of demand may affect the operational decisions of a business.


What is meant by horizontal and vertical integration and how can they profit a firm?


What are Michael Porter's Generic Strategies?