Gasoline prices decrease in tandem with sharp drops in oil prices. The latter happens as a result of an expansion in the gasoline supply.
The quantity of goods or services that a company has available to offer to a customer at a given moment is the definition of supply. For a physical, brick-and-mortar store, this refers to the stock that a company keeps on its property and in warehouses that it can sell to customers.
The total amount of a particular good or service that is offered to consumers is known as the supply, and it is a fundamental economic concept. Supply can be defined as the quantity offered at a particular price or, if shown on a graph, the quantity offered over a range of prices.
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