Supply and the Law of Supply
Supply and the Law of Supply
Supply is the quantity producers are willing and able to offer for sale at each price over a period of time. Willingness alone is insufficient because producers must also have the resources and capacity to produce the good.
Step-by-step lessons on Edexcel A A Level Economics 1.2.4 Supply. Each one builds up to exam-style questions. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.