Supply refers to the quantity of a good or service that producers are willing and able to offer for sale at various prices during a given period. It represents the relationship between price and quantity supplied.
Related terms
Law of Supply: The principle that states that as the price of a good rises, the quantity supplied also increases, ceteris paribus (all other factors held constant).
Elasticity of Supply: Measures how responsive the quantity supplied is to changes in price.
Producer Surplus: The difference between the market price received by producers and their willingness to supply goods or services at that price.