ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The quantity supplied is the amount of a good or service that is made available for sale at a given price point. In a free market, higher prices tend to lead to a higher quantity supplied and vice versa. The quantity supplied differs from the total supply and is usually sensitive to price.

Detailed explanation-2: -Supply is the quantity of goods and services readily available for sale in the market at a given price. Supply is decided by price and demand.

Detailed explanation-3: -Supply in economics is defined as the total amount of a given product or service a supplier offers to consumers at a given period and a given price level. It is usually determined by market movement.

Detailed explanation-4: -Quantity demanded is the amount of a good that buyers are willing and able to purchase at a particular price. Many things determine demand, but only price can determine the quantity demanded of a specific good.

Detailed explanation-5: -Market supply. Long term supply. Short term supply. Joint supply. Composite supply.