The ability and willingness to sell specific quantities of a good at alternative prices in a given period of time,ceteris paribus,defines:

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The definition provided describes the concept of supply, which refers to the amount of a product or service that producers are willing and able to offer for sale at various prices over a given period of time, assuming that other factors affecting supply remain constant (ceteris paribus). Demand refers to the quantity of a good or service that consumers are willing and able to purchase at different prices, while equilibrium price is the market price at which the quantity of a good supplied equals the quantity demanded. Economic profit refers to the difference between a firm's total revenue and total costs, including both explicit and implicit costs.

The Ability and Willingness to Sell Specific Quantities of a Good