1.

Define supply?

Answer» \tSupply refers to the quantity of a commodity that a firm is willing and able to offer for sale, at each possible price during a given period of time.\t In other words, supply is that part of stock which is actually brought into the market for sale. Stock can never be less than supply.\tFor example, a seller has a stock of 50 tonnes of sugar in the go down. If the seller is willing to sell 30 tonnes at a price of Rs. 37 per kg, then supply of 30 tonnes is a part of total stock of 50 tonnes.


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