ENTREPRENEURSHIP

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: -The quantity supplied is referred to the total amount of products that producers, suppliers, or sellers are willing to issue to the market within a given period and at a given price. The amount supplied depends upon the amount demanded and the productivity potential.

Detailed explanation-3: -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. Description: Different quantities can be supplied at different prices at a particular point of time.

Detailed explanation-4: -Opportunity cost is what you give up (the benefits of the next best alternative) when you make a choice.