ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Supply shows the amount that producers are willing and able to supply to the market at each given price. Producers must receive a price that covers the marginal cost of production.

Detailed explanation-2: -Supply-a schedule or a curve showing the amounts of a product a producer is willing and able to produce and make available for sale at each of a series of possible prices during a specific period of time.

Detailed explanation-3: -1. Economists define supply as the quantity of a good or service that producers are willing and able to offer for sale at each possible price during a given time period.

Detailed explanation-4: -Quantity supplied (Qs) is the amount of a product that producers are willing and able to produce and sell at a particular price at a particular time. In another words, supply is the quantity supplied at all prices during a specific time period.

Detailed explanation-5: -Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. In economics, a demand schedule is a table that shows the quantity demanded of a good at different price levels.