Learning Contents:                                                              ·          Understanding Supply and Law of supply ·          Supply Vs. Quantity Supplied ·          Relationship between Supply and Stock   Understanding Supply and Law of Supply Just as a consumer who consumes the various goods and services, so a producer produces and makes them available in the market.   A producer would produce and willing to supply more of those goods and services which can be sold at higher prices or maximizes his profits and vice versa.   Supply refers to the maximum amount of goods and services that producers are able and willing to sell at different possible prices in the market. Lets understand this with the help of an example, suppose the price of any specific medical treatment rises, it will encourage all health-care firms to expand their production to take several actions: Research and Development of vaccine; investment in diagnostic systems or laboratory servi