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Supply is the amount of a particular product or service that is available for purchase or consumption. It refers to the quantity of goods or services that suppliers are willing and able to offer at a given price and at a particular point in time. Supply is affected by various factors, such as the cost of production, technological advancements, government policies, and consumer demand. The law of supply states that as the price of a product increases, the quantity supplied also increases, while as the price decreases, the quantity supplied also decreases. Understanding supply is crucial for businesses and individuals to make informed decisions about purchasing, investing, or selling a particular product or service.
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