What is supply

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Avatar for Toprexxy
3 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
3 years ago

Yes supply is not the total production

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3 years ago

How about the amount the consumer is willing to buy?

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3 years ago

U are right

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3 years ago

The situation of things here is demand and supply exclusive.

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3 years ago

Yea, that's true.

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3 years ago

Thanks for the knowledge

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3 years ago

I've learnt something new

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3 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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3 years ago

This is true bro because demand is more than supply right

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3 years ago

That's law of demand and supply for you.

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3 years ago

Really nice to learn about supply and demand from you

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3 years ago

Balancing the Economics of supply

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3 years ago

Yes, people tends to misinterpreted the meaning of supply

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3 years ago

Good one girl keep it up

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3 years ago

Good one you are doing well

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3 years ago

Most producers need to know this

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3 years ago

I don't really like economics

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3 years ago
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3 years ago