What is Supply ?

Supply is mainly the total amount of a product available to

buy at any specific price.

The thing that determines supply is by

Price- The producers will put the highest price possible, but
the buyers will try there best to pay the lowest price possible.
But trying their best for the buyers and producers the settle on
the agreement. Where supply equals demand.

Cost of inputs- The lower the price the input higher the profit
at a price level and more products will be offered at that price.

The law of Supply

Just like the law of demand, the law of supply demonstrates the
quantities that will be sold at a certain price. (Heakal, 2016). This
means that the Law of Supply shows the amount of products or the
quantities that will be sold at a certain price made by the
producers. But Unlike the law of demand, the supply relationship
shows an upward slope, meaning that the higher the price, then the
higher the quantity supplied. The reason producers supply more
products at a higher price because selling a higher quantity at a
higher price will increase revenue.

The supply curve depicts the supplier's

positive relationship between price and
quantity.

A change in the price of a good or

service, holding all else constant, will
result in a movement along the supply
curve.
A change in the cost of an input will
impact the cost of producing a good and
will result in a shift in supply; supply will
shift outward if costs decrease and will
shift inward if they increase.

Bibliography

https://www.boundless.com/economic
s/textbooks/boundless-economicstextbook/introducing-supply-anddemand-3/supply-47/changes-insupply-and-shifts-in-the-supply-curve178-12276/
http://www.investopedia.com/universi
ty/economics/economics3.asp