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The quantity of a good or service that producers are able and willing to offer for sale at a specified price in a given period of time is known as supply.
Supply is the quantity of a resource that businesses, manufacturers, workers, suppliers of financial assets, or other economic actors are willing and able to offer to the market or to a single person. Supply can refer to manufactured items, labour hours, raw resources, or any other limited-supply or high-value item.
In the market for products, supply refers to the quantity of a good per unit of time that producers are willing to sell at different set prices while all other variables are held constant. The supply of labor in the labor market is the number of hours per week, month, or year that people are willing to work as a function of the wage rate.
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