Economics GCSE
Supply
What Supply means in Economics GCSE, as defined for AQA, Pearson Edexcel.
Definitions of Supply
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Check what you remember
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Reference: AQA
The quantity of a good or service that producers are willing and able to sell at a given price in a given time period.
The quantity of a good or service that firms are willing and able to produce and sell at a given price in a given time period.
Topics that use Supply
- Supply for goods and services (AQA GCSE)
- The market system (Pearson Edexcel GCSE)
Related terms
- Change in supply
- Costs of production
- Demand
- Equilibrium price
- External shocks
- Goods and services
- Government intervention
- Indirect taxes
Using Supply in the exam
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