[This is part of the series: The Complete Guide To Economics 101.]
What is quantity supplied?
Quantity Supplied is the amount of a particular good or service that people are willing to sell.
As you can imagine, a lot of different things influence quantity supplied.
For example, some of the variables that might influence a companies quantity supplied of coffee over a certain time period include:
- The temperature outside
- Regional preferences
- The price of cream and sugar
- And the price of a hot chocolate