The quantity of a good that suppliers are willing and able to supply at a given price in a given time period depends on:

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The quantity of a good that suppliers are willing and able to supply at a given price in a given time period depends on the costs of producing the good, including factors such as raw materials, labor, and equipment. If the cost of producing the good increases, suppliers may supply less of it at a given price, and if the cost decreases, they may supply more. Factors such as income and consumer demand may indirectly affect the supply by influencing the price and profitability of producing the good, but they are not the direct determinants of the quantity supplied. Consumers' expectations of future prices and costs may also affect suppliers' decisions to some extent, but again, this is a secondary factor that operates through the effect on price and profitability.

The Quantity of a Good That Suppliers Are Willing and Able