INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Quantity demanded
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Quantity supplied
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Demand relationship
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Supply relationship
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Detailed explanation-1: -Quantity Supplied refers to the total quantity of a good which the supplier decides to produce and sell in the given circumstances. It indicates the quantity of the product, which the seller is able and willing to sell at a definite price.
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: -A supply schedule shows the amount of product that a supplier is willing and able to offer to the market, at specific price points, during a certain time period.
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.