ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Hence, supply of commodity refers to the amount of goods which are offered for sale at a particular price per unit of time.

Detailed explanation-2: -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.

Detailed explanation-3: -Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph.

Detailed explanation-4: -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.

Detailed explanation-5: -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.