ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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equal to the difference between the quantity available and the quantity desired by all consumers and producers.
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the same thing as the quantity demanded at each price
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the amount that the producers are planning to sell at a particular price during a given time period.
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the amount the firm would sell if it faced no resource constraints
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Detailed explanation-1: -The amount of goods that producers plan to sell during a given period at a particular price is known in economics as the Quantity Supplied. The notion of Quantity Supplied is used as part of the law of supply and demand within a competitive market economy to determine market prices of goods and services.
Detailed explanation-2: -The quantity supplied of a good or service is the quantity sellers are willing to sell at a particular price during a particular period, all other things unchanged. A supply schedule shows the quantities supplied at different prices during a particular period, all other things unchanged.
Detailed explanation-3: -The quantity supplied of a good or service is the amount that producers plan to sell during a given time period at a particular price. the lower the price of a good, the smaller is the quantity supplied.
Detailed explanation-4: -Definition: Quantity supplied is the quantity of a commodity that producers are willing to sell at a particular price at a particular point of time.
Detailed explanation-5: -In economics, quantity supplied describes the number of goods or services that suppliers will produce and sell at a given market price.