Quantity Supplied

Definition

Quantity supplied refers to the amount of a good or service that producers are willing and able to offer for sale at a given price during a specific period.

Related terms

Supply: Supply refers to the entire relationship between the price of a good or service and the quantity supplied by producers.

Law of Supply: The law of supply states that there is a direct relationship between price and quantity supplied. As price increases, producers are motivated to supply more goods or services.

Market Supply: Market supply represents the sum total of all individual quantities supplied by producers in a market at various price levels.