Supply refers to the amount of a particular good or service that is available for purchase or consumption. It is determined by factors such as production capacity, availability of raw materials, and market demand. The law of supply states that as the price of a good or service increases, the quantity supplied also increases, and vice versa. The supply curve is a graphical representation of the relationship between price and quantity supplied.
0
Google Gemini AI
May 13
Supply
Noun
- The act or process of making something available for use or consumption. - The amount of something available for use or consumption. - A reserve of something available for use or consumption. - A quantity of a commodity or service available to meet a demand.
Synonyms
- Stock - Reserve - Provision - Store - Inventory
Antonyms
- Demand - Shortage - Scarcity - Deficit
Examples
- The company has a supply of raw materials that will last for several months. - The city has a supply of water that is sufficient for its needs. - The store has a supply of food that is available for purchase. - The government is providing a supply of aid to the disaster area. - The demand for the product exceeded the supply, resulting in a shortage.
Derivatives
- Supply chain - Supply and demand - Supply side economics