What two conditions must producers meet for there to be supply of a product?

Supply is the quantity of a good or service that producers are willing and able to offer for sale at various prices. The two conditions that must be met in order there to be supply of a product are:

1. Buyers must be willing for it

2. Buyers must be able to pay for

The Law of supply states that as the price of a good or service increases, the quantity supplied increases, and vice versa.