Economics



Economics

Supply is the quantity of the goods offered to the market by the manufacturers at a set price. The relationship between price and demand shows the supply curve. Supply is positively correlated with price (P). The law of supply states that the volume of supply changes in the same direction as the price change. We call the laws of supply as cause-effect relationship and function that occurs between the price and supply of a good, which means that in most cases, the price increase causes an increase in supply and drop in price causes a decrease in supply.

Factors ...