USA HISTORY

Detailed explanation-1: -The quantity supplied is the amount of a good or service that is made available for sale at a given price point. In a free market, higher prices tend to lead to a higher quantity supplied and vice versa.

Detailed explanation-2: -Hence, supply of commodity refers to the amount of goods which are offered for sale at a particular price per unit of time.

Detailed explanation-3: -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-4: -Supply is the amount of a product that would be offered for sale at all possible prices in the market. That means the amount a producer will offer when the price is: $1, $2, $5, $100, $1000, etc. The Law of Supply states that suppliers will normally offer more for sale at higher prices and less at lower prices.

Detailed explanation-5: -What Does ‘Quantity Supplied’ Mean? Quantity supplied is the amount of a good that sellers are willing to sell and are able to sell. Willingness is generally a function of price. If the price a seller can obtain for a good supplied exceeds its costs to produce, a seller will usually provide it.