SUPPLY PRICE: The minimum price that sellers would be willing and able to accept for a given quantity of a good. The emphasis here is on minimum. As a general rule sellers have a lower limit to the price that they would be willing to accept for a good. As a lower limit, they would gladly go higher. See also | supply | price | quantity supplied | supply space | supply curve | law of supply | free good | scarcity | supply determinants |
