ENTREPRENEURSHIP

Detailed explanation-1: -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-2: -Price and the Supply Curve 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-3: -Demand is a schedule that shows the various quantities that consumers are willing and able to buy at various prices in a given time period, ceteris paribus.

Detailed explanation-4: -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-5: -The quantity supplied for a good or service is the quantity the sellers or producers are willing to increase or decrease the supply for a particular price at a particular time. All other factors other than price remain constant.