What is market supply?

Question

Quizplus · Accepted Answer

Market supply refers to the total supply of a product or service that all producers offer to the market. It takes into account the individual supply of every producer in the market. Therefore, the correct option is C, which defines the total supply offered by all producers present in a particular market. Option A is incorrect because it refers to the total quantity that all consumers demand, not the supply. Option B is incorrect because it only takes into account the quantity sold, not the total supply. Option D is also incorrect because it refers to the surplus, which may or may not exist, and does not define the total supply.

What Is Market Supply