4. SUPPLY
Supply refers to the quantities of a good or
service that the seller is willing and able to
provide at a price, at a given point of time.
Demand and Supply are like two sides
of a coin or two blades of scissors
Just like demand indicates the willingness
of a purchaser to buy a particular
commodity.
Sri Sairam Institute of Technology 415.07.2013
5. Supply means the willingness of the firms to
sell a particular commodity.
Suppliers or firms and other producing units
produce a wide range of goods and render a
vast variety of services for consumer
satisfaction.
Supply indicates the quantities of a good or
service that the seller is willing and able to
provide at a price, at a given point of time,
other things remaining the same.
Sri Sairam Institute of Technology 515.07.2013