ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

DEFINITION OF ENTREPRENEURSHIP

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
____ is the amount of a product sellers are willing to supply when receiving a certain price.
A
Quantity demanded
B
Quantity supplied
C
Demand relationship
D
Supply relationship
Explanation: 

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.

There is 1 question to complete.