Supply
Definition
The quantity of a good producers want to sell at each price, ceteris paribus. Supply curves usually slope up — higher prices, more produced.
Example
When the price of corn rises, farmers plant more corn next season.
The quantity of a good producers want to sell at each price, ceteris paribus. Supply curves usually slope up — higher prices, more produced.
When the price of corn rises, farmers plant more corn next season.