The quantity supplied of a good
A) is the amount that sellers would provide if the firms faced no constraints
B) is the amount that sellers would provide if input prices were zero
C) must match the amount actually purchased in the market
D) is a fixed amount unaffected by the sellers' circumstances
E) is subject to the constraints imposed by technology and input prices

Question

Quizplus · Accepted Answer

The quantity supplied of a good is subject to the constraints imposed by technology and input prices. In other words, producers cannot supply more than what their technology and inputs allow them to, and changes in input prices can affect the amount they are willing and able to supply. Therefore, choices A, B, C, and D are incorrect.

The Quantity Supplied of a Good