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In economics, the amount of a good available to be sold. Generally speaking, the greater the supply of a good is, the lower its price is. Likewise, a scarce supply usually results in a high price. However, this price fluctuation also depends on the demand for the good. See also: Law of supply and demand.
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supplythe amount of a PRODUCT made available for sale by FIRMS. In economic analysis, the total supply of a product is reflected in the SUPPLY CURVE. Compare DEMAND.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005