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- Supply is the amount of a good or service that producers are willing and able to offer at a given price.Examples of supply include123:
- Short-term supply: the inventory immediately available for consumption.
- Long-term supply: the inventory that depends on consumer demand, material availability, capital investment, and macroeconomic conditions.
- Joint supply: the production of one good that results in the byproduct of another good.
- Market supply: the total amount of a good or service that all producers in a market are willing and able to sell.
- Composite supply: the supply of a good that can be used for multiple purposes.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Types of Supply
- Short-Term Supply Short-term supply is the inventory immediately available for consumption. ...
- Long-Term Supply Long-term supply considers consumer demand, material availability, capital investment, and macroeconomic conditions. ...
www.investopedia.com/terms/s/supply.aspExamples of supply supply The adjustment cost hypothesis reduces the elasticity of capital supply. From the Cambridge English Corpus No town could have survived without water supplies.dictionary.cambridge.org/dictionary/english/supplyThe law of supply is so intuitive that you may not even be aware of all the examples around you:
- When college students learn that computer engineering jobs pay more than English professor jobs, the supply of students with majors in computer engineering will increase.
www.investopedia.com/terms/l/lawofsupply.asp - People also ask
Examples of Supply in Economics - ThoughtCo
Learn how supply is defined and determined by various factors, such as price, cost, and competition. See how supply and demand affect each other and how supply can be measured and illustrated. See more
The law of supply states that assuming all else is held constant, the quantity supplied for a good rise as the price rises. In other words, the quantity demanded and the price is positively related. The relationship between supply and demand can be illustrated like … See more
Buyers want to pay as little as possible for a good or service, while producers want to maximize profit by charging as much as possible. When … See more
Manufacturers may be compelled to lower the price of their goods in order to match the price of similar products offered by a competitor, thus … See more
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