quantity supplied

Quantity Supplied

The number of goods or services available at a given price. In general, prices decline with greater supply, but this is not always the case.

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quantity supplied

the amount of a PRODUCT (or FACTOR OF PRODUCTION) that suppliers offer for sale in a given time period. The quantity supplied of a product depends upon the product's own price, prices of factor inputs, the state of technology, etc. See SUPPLY FUNCTION, SUPPLY CURVE.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005