Supply

Supply refers to the quantity of a commodity offered for sale at a particular price at a specific time. The supply schedule is the various quantities of a product that would be offered for sale at different rates.

Table: Supply Schedule of rice

Price of Rice (Rs/Kg)                         Quantity of Rice Supplied (Tonnes)

6.50                                                                  100

7.00                                                                   125

7.50                                                                   150

8.00                                                                   175

8.50                                                                   200

9.00                                                                  250

The supply schedule for the whole market is called market supply. It is arrived at by adding the quantities supplied by all the sellers at varying prices.