ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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the amount of a good that sellers are willing and able to sell.
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the amount a supplier is willing buy from another supplier
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is the quantity consumers are willing to give up
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none of the above
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Detailed explanation-1: -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. Ceteris paribus, the receipt of a higher price increases profits and induces sellers to increase the quantity they supply.
Detailed explanation-2: -Lesson 2: Law of Supply The quantity supplied of any good or service is the amount of a good that sellers are willing and able to sell at a particular price. Many factors affect supply, but only price can determine the quantity supplied.
Detailed explanation-3: -In economics, quantity supplied describes the number of goods or services that suppliers will produce and sell at a given market price. The quantity supplied differs from the actual amount of supply (i.e., the total supply) as price changes influence how much supply producers actually put on the market.
Detailed explanation-4: -What is Quantity Supplied? Definition: Quantity supplied is one of the many concepts in economics, and this particular concept represents the amount or quantity of goods or services that producers or distributors are willing to provide to the market or consumers at a specific market price.
Detailed explanation-5: -Supply-a schedule or a curve showing the amounts of a product a producer is willing and able to produce and make available for sale at each of a series of possible prices during a specific period of time. Quantity Supplied-the amount of a good that firms choose to sell at a particular price.