What is supply

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Avatar for Toprexxy
Written by
4 years ago

We can now change our focus from demand, to the producer's side, to discuss supply. What is consumers demand are supplied by the producers. It is important to point out from the on-set that the general public's viewpoint of supply is extremely different from the economist's. Supply is not the total production of the producing firm. It is the quantity of the commodity the producer is willing to offer to the market at a particular price and time.

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Comments

Very important info

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User's avatar Ade
4 years ago

Yes supply is not the total production

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User's avatar Qayyum01
4 years ago

How about the amount the consumer is willing to buy?

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User's avatar VicBassey
4 years ago

U are right

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User's avatar Penns
4 years ago

The situation of things here is demand and supply exclusive.

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User's avatar Botefarm
4 years ago

Yea, that's true.

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User's avatar Ajala
4 years ago

Thanks for the knowledge

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User's avatar Khingrobeo
4 years ago

I've learnt something new

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User's avatar naijacryptogirl
4 years ago

This is absolutely correct, most times our view is that the supplies is the total amount of production which is not very correct.

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User's avatar Emmans20
4 years ago

This is true bro because demand is more than supply right

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User's avatar Priesthood
4 years ago

That's law of demand and supply for you.

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User's avatar Cryptoyos
4 years ago

Really nice to learn about supply and demand from you

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User's avatar idhans
4 years ago

Balancing the Economics of supply

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User's avatar Man2frayo
4 years ago

Yes, people tends to misinterpreted the meaning of supply

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User's avatar Date_empire
4 years ago

Good one girl keep it up

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User's avatar Joy123
4 years ago

Good one you are doing well

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User's avatar Shibaby
4 years ago

Most producers need to know this

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User's avatar Geyzee
4 years ago

I don't really like economics

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User's avatar solarlee08
4 years ago

nice .subcribe like comment .also back u https://read.cash/@devjani/my-today-earning-is-very-good-b7977414

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User's avatar devjani
4 years ago
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