the economic principle that prices fall as the supply increases and prices rise as supply decreases
If demand is held constant, an increase in supply leads to a decreased price, while a decrease in supply leads to an increased price.
as the price of a good or service that producers are willing and able to offer for sale during a particular period of time rises (falls) , the quantity of that good or service supplied rises (falls), ceteris paribus
An economic principle stating that producers will provide more of a good or service at higher prices and less at lower prices.
The principle that producers will offer (supply) more of a product as price rises.
The quantity of a good supplied will be greater at a higher price than it will at a lower price.
the tendency for the quantity supplied of a good in a market to increase as its price rises.
The principle that price and quantity supplied are directly related.
Supply exhibits an inverse relationship to price. If all other factors hold constant, an increase in supply causes a decreased price, while a decrease in supply causes an increased price.
Supply exhibits an inverse relationship to price. If all other factors remain constant, an increase in supply leads to a decrease in price, while a decrease in supply leads to an increase in price.
an economic law that states that sellers will offer more of a good at a higher price and less at a lower price
The law of supply states that there is an direct relationship between the price of a product and the quantity supplied of that product, ceteris paribus. As the price of a product rises, the quantity demanded of the product also rises; as the price of a product falls, the quantity demanded of the product also rises.
The price of a good or service is directly related to the quantity supplied by producers, other things being equal or constant. Increasing the price of a good or service increases the quantity supplied. Decreasing the price of a good or service decreases the quantity supplied. See Supply schedule.
