AP MicroeconomicsSupply & Demand
Supply
Supply is the willingness and ability of producers to sell different quantities of a good at different prices, holding all else constant.
The supply of a good represents the different quantities producers are willing and able to sell at each price level. Supply is determined by factors like technology, input costs, and government policies. The law of supply states that supply curves slope upward, showing a positive relationship between price and quantity supplied.
Interactive graph
Supply and Demand →
Drag the curves and see it for yourself.
Study module
Supply and Demand →
Full lesson, practice questions, and flashcards.