ECONOMICS
DEMAND
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Supply
|
|
|
Demand
|
|
|
Utility
|
|
|
Equilibrium
|
Detailed explanation-1: -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-2: -The fundamental economic concept that states the total amount of a specified product or service that is available to customers is known as ‘supply. ‘ It is very closely related to and goes hand in hand with demand.
Detailed explanation-3: -A supply of goods includes the following: the transfer of ownership of goods by agreement. the sale of movable goods on a commission basis by an auctioneer or agent. They need to be acting in their own name but on the instructions of another person.
Detailed explanation-4: -Supply refers to the quantity of goods a supplier offers to consumers. Supply and demand are key players in determining prices and goods consumption or services. The law of supply states that having higher demand is a positive indication for suppliers to increase supply.
Detailed explanation-5: -Market supply. Long term supply. Short term supply. Joint supply. Composite supply.