What do you mean by Supply

Question

What do you mean by Supply?

Answer 1

Supply is a schedule that shows amounts of a product a producer is willing and able to produce and sell at each specific price in a series of possible prices during a specified time period.

1. A supply schedule portrays this such as the corn.

2. Schedule shows what quantities will be offered at various prices or what price will be required to induce various quantities to be offered.