Question

what is the meaning of theory of supply

Answer 1

Heya user! here ur answer

Theory of supply refers to schedule showing various quantities of a commodity that the producer are willing to sell at different possible prices of the commodity at a point of time .

Answer 2

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$\huge\boxed{Answer}$________✌✌

⚫️Supply is the quantity of goods a firm offers to sell in the market at a given price. Now the theory of supply states that with an increase in price the number of goods a firm wishes to supply will also increase. Let us study in detail the definition of supply, law of supply and other important concepts.