Supply is the willingness and ability of sellers to produce and sell different quantities of goods at different prices during a particular time period. The law of supply states that there is a direct relationship between the price of a good and the quantity sellers are willing to offer for sale in a defined time period (Tucker, 2000). There are many factors affecting the supply of goods. Product price, the price of related resources, changes in technology, number of sellers, taxes, and expectation of future prices are a only some factors that determine supply. When the price of a resource needed to produce a good increases, the supply will decrease. When the price of resources needed decreases, suppliers hurry to buy it at a lower cost, and production increases. Changes in technology have increased the supply of goods. Machines and robots have taken the place of slower human workers. Production of goods increases as the number of sellers does, and vice versa. The !

increase in taxes has the same effect on a business as an increase in the price of related goods. An increase in taxes is an additional cost to the supplier, enabling them to spend as much as they were

McCary, Jennifer. "Poised for progress." Southern Loggin' Times Nov. 2000: 6-9.

Lumber is an international market. It plays a large role in the American life. Numerous countries produce lumber, including Canada, United States, Australia, New Zealand, Europe, Asia and many countries in South America. North America is currently the leading lumber producer, but is no longer the major supplier in the pulp and paper industry. The western and southern region including Washington, Oregon, California, Idaho and Montana produce the most lumber in the American market.

Some common words found in the essay are:
United Lumber, Hurricane Andrew, Supply Supply, Pine Beetle, Idaho Montana, Demand Lumber, Demand Prices, Haven Pennsylvania, Times Oct, Supply Lumber, demand lumber, lumber prices, supply lumber, supply demand, southern loggin' times, loggin' times, southern loggin', times nov 2000, nov 2000, lumber industry, times nov, loggin' times nov, produce lumber, relationship price quantity, demand lumber decreases,
Approximate Word count = 1648
Approximate Pages = 7 (250 words per page double spaced)