What is Supply?
{{wiktionary}} In [[economics]], '''supply''' is the amount of something that [[Company|companies]] are willing to provide in a [[market]]. The [[law of supply and demand]] will decide the price at which something will be bought and sold. == Description == According to C.R. McConnell and S.L.Brue, a ''supply'' is a scale showing the amount of a good or service that sellers offer for sale in the market at different [[Price|prices]] for a while ''The volume of supply'' (volume of output) is the number of goods that a [[commodity]] [[Supply chain|producer]] (enterprise, firm) is ready to offer at a certain price for a certain period, all other things being equal. ''Amount of supply'' is the amount of a product or service that is on [[Sales|sale]] at a certain price at a certain time. It is possible to consider both an ''individual supply'' (the offer of a specific seller) and the total value of the supply (the offer of all sellers present on the market). In economics, it is mainly the total value of the supply for a product or service that is studied. === Supply law === The ''law of supply'' is a direct relationship between the price and the value of the supply of goods or services during a certain period. The increase in prices leads to additional [[profit]], allowing the [[Manufacturing|manufacturer]] to expand production, attracting new manufacturers to the market. The manufacturer's main task is to solve the problem — how much product to make at a given price. There are 2 general ideas:<ref>{{Cite journal|date=2021-03-02|title=Greg Mankiw|url=https://en.wikipedia.org/w/index.php?title=Greg_Mankiw&oldid=1009880203|journal=Wikipedia|language=en}}</ref> * the higher the price, the higher the offer; * the lower the price, the lower the offer. == Factors affecting supply == Various factors can make a seller more or less willing to produce and sell a good.<ref>{{Cite book|title=Melvin & Boyes, Microeconomics 5th ed. (Houghton Mifflin 2002)}}</ref> The more common ones are: * '''Price of variable inputs''': Va