Supply
a) willingness and ability to offer goods and services for sale b) the amount of a commodity that producers are willing and able to offer for sale at a specified price
The general willingness of firms to produce and sell a product at various prices is known as supply.
Because if the factor price is increased, the producer will have less resources to make their product and will have less products to supply
supply
Supply
a) willingness and ability to offer goods and services for sale b) the amount of a commodity that producers are willing and able to offer for sale at a specified price
Supply ability in international bussines
The two conditions of supply are the willingness and ability of producers to sell a good or service at a given price in a specific market. The quantity supplied increases as the price of the good rises, demonstrating the positive relationship between price and quantity supplied.
The general willingness of firms to produce and sell a product at various prices is known as supply.
Because if the factor price is increased, the producer will have less resources to make their product and will have less products to supply
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supply
Supply And Demand.Demand:- it consists of two components 1. Desire. 2. Ability.the desire component is important in the sense that only having desire for a product or service does not create demand for a product. The desire should accompany the ability component to create demand for a product and service. Therefore, we can say that demand is willingness and ability to buy something.Supply:- it means the availability of a product and service in the market.According to the law of demand and supply, when demand increases, supply shrinks which leads to increase in prices.
supply
china
Sellers cost, producers surplus, and the supply curve are related?