The amounts of a product that will be offered for sale at different prices during a specified period is referred to as:
A) supply.
B) demand.
C) inventory.
D) stock.

Question

Quizplus · Accepted Answer

Supply refers to the total amount of a product or service that is available for purchase at any given price level during a certain time period. It represents how much of a good or service producers are willing and able to offer for sale at different prices. Demand, inventory, and stock do not specifically refer to the amounts offered for sale at different prices.

The Amounts of a Product That Will Be Offered for Sale