The term quantity supplied refers to
A)the minimum quantity producers must sell in order to stay in business.
B)the quantity where the supply and demand curves cross.
C)a supply schedule.
D)the entire supply curve.
E)the amount of a good producers are willing to sell at a given price.

Question

Quizplus · Accepted Answer

Quantity supplied refers to the specific amount of a good that producers are willing and able to sell at a given price, based on factors such as production costs and market demand. It is represented as a point on the supply curve, rather than the entire curve itself.

The Term Quantity Supplied Refers to