quantity supplied

Quantity supplied refers to the amount of a good or service that producers are willing and able to sell at a specific price during a particular period. It reflects how much sellers are prepared to offer based on current market conditions. Generally, as the price of a product increases, producers are motivated to supply more because they can earn higher profits. Conversely, lower prices tend to reduce the quantity supplied. This relationship helps markets reach equilibrium, where the quantity supplied matches the quantity demanded at the current price.