Supply means the willingness and ability of sellers to produce and offer to sell different quantities of a good at different prices
Before: 300
After: 400
Will the business produce and sell more or less TVs
P then Qs
P=Price
Qs=Quantity Supplied
P then Qs
Direct relationship is the relationship between two factors in which the factors move in the same direction.
Supply Means:
Quantity Supplied:
Supply Schedule: Numerical representation
Supply Curve: A graphical representation
Vertical Supply Curve
A market supply curve is the sum of all firms supply curves