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DedPeter [7]
3 years ago
13

What two conditions must producers meet for there to be supply of a product?

Business
1 answer:
alukav5142 [94]3 years ago
4 0
<span>Supply is the quantity of a good or service that producers are willing and able to offer for sale at various prices. </span><span>The two conditions that must be met in order there to be supply of a product are:
1. Buyers must be willing for it 
2.Buyers must be able to pay for 
</span>The Law of supply states that <span>as the price of a good or service increases, the quantity supplied increases, and vice versa.</span>
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