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Chapter: Engineering Economics and Financial Accounting : Demand and Supply Analysis

Meaning of Supply

Supply of a commodity refers to the various quantities of the commodity which a seller is willing and able to sell at different prices in a given market at a point of time, other things remaining the same.

MEANING OF SUPPLY

 

Supply of a commodity refers to the various quantities of the commodity which a seller is willing and able to sell at different prices in a given market at a point of time, other things remaining the same. Supply is what the seller is able and willing to offer for sale. The Quantity supplied is the amount of a particular commodity that a firm is willing and able to offer for sale at a particular price during a given time period.



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Engineering Economics and Financial Accounting : Demand and Supply Analysis : Meaning of Supply |

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Engineering Economics and Financial Accounting
Engineering Economics and Financial Accounting : Demand and Supply Analysis
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Demand Function
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Demand Forecasting Methods
Meaning of Supply
Determinants and Function of Supply
Elasticity of Supply
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Important Questions and Answers: Demand and Supply Analysis


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