Supply is the selling side of a market
Supply is the selling side of a market
Supply is the relationship between the prices of a good or service and the quantities producers are willing and able to sell at those different prices over a period of time. Both tests matter: a firm must want to sell the product and have the capacity to provide it.
Step-by-step lessons on OCR GCSE Economics 2.3.1 What is supply. Each one builds up to exam-style questions. Build a solid grasp of supply and demand and cost/revenue calculations before tackling the evaluation-heavy policy topics.