change in supply


A situation that occurs when the producers of a particular good or service change the quantity available for purchase. A change in supply typically results in a market imbalance as prices adjust, and such a change can result from technological improvements, increased or decreased competition, and a rise in raw material prices or a drop in market prices.

Related Videos

Have a question about change in supply? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z