What do you mean by supply of a commodity?
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The supply of a commodity is the amount of the commodity which the sellers or producers are able and willing to offer for sale at a particular price, during a certain period of time.
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The supply of a commodity is the amount of the commodity which the sellers or producers are able and willing to offer for sale at a particular price, during a certain period of time. ... Further, elasticity of supply explains to us the reaction of the sellers due to a particular change in the price of a commodity.
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