In which statement is the term "supply" used correctly? (1)An increase in the number of suppliers of copper will lead to an increase in the supply of copper.(2)An increase in the number of suppliers of copper will likely lead to a decrease in the quantity supplied of copper.

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The term "supply" refers to the total amount of a good or service that producers are willing and able to offer for sale at a given price, while "quantity supplied" refers to the specific amount of a good or service that producers are willing and able to offer for sale at a given price. In statement (1), an increase in the number of suppliers of copper would lead to an increase in the supply of copper, which is correct. In statement (2), an increase in the number of suppliers of copper would likely lead to an increase in the quantity supplied of copper, not a decrease. Therefore, only the first statement uses the term "supply" correctly.

In Which Statement Is the Term "Supply" Used Correctly? (1)An