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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
There are additional factors that economists say can affect supply and inventory. Specific quantityis the amount of a product that a retailer wants to sell at a given price is known as the quantity supplied. Typically a time period is also given when describing quantity supplied For example: 1. When the … 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
The less it costs to manufacture a good, the greater a producer's profit margin when that good is marketed at a specific price point. As the … 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 lowering profits. Likewise, producers will seek … See more
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