SUPPLY
Means the quantity of a product which the suppliers produce and brought for sale in the market
The law of supply:
Other factors remain constant, when prices of a product increases its supply also increases and vice versa
Thus the quantity supplied varies directly with price.
Supply schedule & curve:
Rise/Fall in Supply Curve
The price of the good causes change along supply line, while the other factors shift in supply curve. When supply increases, it shifts to the right and when decreases it shifts to the left.
