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{{stub}}The supply of a [[Widget|widget]] at a given price, is how many (or how much) of that widget people will want to sell.  If supply exceeds [[Demand|demand]] at that price, there will be an [[Oversupply|oversupply]].  If demand exceeds supply, there will be a shortage.

'''Supply''' is the amount of a product or [[commodity]] that is available.

 

In [[free market]] systems of [[economics]], when supply is greater than demand, that results in [[oversupply]] and the price will usually begin to drop.  In cases where demand is greater than supply a [[shortage]] will result and then prices will usually begin to increase.

 

Sometimes in business, supply is purposely restricted so that oversupply will not occur.  The interrelationship between supply and demand is called [[supply and demand]].

[[Category:Economics]]

[[Category:Economics]]