On November 19, 1794 representatives of the United States and Great Britain signed Jay's Treaty, which sought to settle outstanding issues between the two countries that had been left unresolved since American independence. ... The French Revolution led to war between Britain and France in 1793.
As I am thinking you mean "Producers" when you say "Sellers" I am going to go with, Yes. You are correct it is Supply. (Also the other one is called Demand not price)
