Difference between revisions of "Supply"
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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. | 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. | ||
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Revision as of 10:18, March 11, 2007
The supply of a widget at a given price, is how many (or how much) of that widget people will want to sell. If supply exceeds demand at that price, there will be an oversupply. If demand exceeds supply, there will be a shortage.