What is the term for the amount of a product that producers are willing to sell at a given price?

The term that refers to the amount of a product that producers are willing to sell at a given price is supply. Supply reflects the relationship between the price of an item and the quantity that producers are willing to sell. Typically, as the price increases, more producers are likely to increase their production and offer more of the item for sale in the market, as it becomes more profitable to do so.

This concept is fundamental in economic principles, as it emphasizes how production levels are influenced by market prices. Supply is a key component that interacts with demand to determine the market equilibrium, where the quantity supplied equals the quantity demanded. Understanding this relationship is critical in fields like business and economics, as it helps predict market behavior and set pricing strategies based on producer willingness to sell at various price points.