In general terms, an offer is a proposal that is made to give, execute or fulfill something. For example, cultural offers, such as a play, a new album by a popular group, a movie, among others.
But in addition, the word offer has a special participation in the economic sphere, as well It is called the amount of goods or services that their producers are willing to offer to their potential consumers, at different prices and conditions at a given time.
The offer will be determined by the following factors: the price that the product bears in the market, the costs of carrying out the production of that product, the size of the market to which that product is especially directed, the availability of factors, the amount of competition presented to you and the amount of goods produced.
The offer can be expressed graphically through the supply curve, the slope of the supply being the one that indicates how an offer increases or decreases due to the increase or decrease in the price of the good or service in question.
As established by the law of supply in the face of an increase in the price of a good, the quantity offered for that good will be greater because the producers will have a greater incentive and as a consequence that the offer is directly proportional to the price of the product, the bid curves will almost always be increasing.
