Question

Define supply. distinguish between increase in supply and extension in supply

Answer 1

supply is increased by customer .if you have increased your supply you have completed the need of coustamer demand

Answer 2

Supply, increase in supply and extension in supply.

• When a customer or market has a need for certain products or services then the supply of those goods and products that satisfy this need is known as the supply in the market.
• When the customer is requiring a certain good or product and when this supply is satisfied by providing the ample amounts of supply to the customer such that all the needs and requirements are fulfilled as compared to the previous supply then this situation is known as an increase in the supply of the goods products or services.
• When the requirement of the customer is not supplied in the market on the given time and there is a regular supply of the certain amount of good or services then this kind of supply is known as an extension in supply because the supply for the requirement is delayed

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What is supply? &law of supply?​

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