When economists talk about supply, they are referring to a relationship between price received for each unit sold and the _______.
A) demand schedule
B) market price
C) quantity supplied
D) demand curve

Question

Quizplus · Accepted Answer

Supply refers to the relationship between the price received for each unit sold and the quantity of that item that producers are willing to supply at various prices, hence "quantity supplied" is the correct term.

When Economists Talk About Supply, They Are Referring to a Relationship