Supply can be in produced goods, labour time, raw materials, or any other scarce or valuable object. Supply is often plotted graphically as a supply curve, with the price per unit on the vertical axis and quantity supplied as a function of price on the horizontal axis./investing5-5bfc2b8e46e0fb0026016f0e.jpg)
Supply is a fundamental economic concept that describes the quantity of a good or service that producers are willing to offer to buyers in the marketplace. Supply can relate to the amount...
In basic economic analysis, analyzing supply involves looking at the relationship between various prices and the quantity potentially offered by producers at each price, again holding constant all other factors that could influence the price.