The amount of goods and services that producers will provide at various prices is:

Question

Quizplus · Accepted Answer

Supply refers to the amount of goods and services that producers are willing and able to offer for sale at different prices. The supply curve represents the relationship between the price of a good or service and the quantity of it that suppliers are willing to produce and sell. The law of supply states that as the price of a good or service increases, the quantity supplied also increases, all other factors being equal.

The Amount of Goods and Services That Producers Will Provide