Supply is defined as:
A) the quantity of products that producers are willing to offer for sale at different market prices.
B) the number of consumers in a market that have low debttoincome ratios.
C) the quantity of products that consumers are willing to buy at different prices.
D) the number of products produced in a given fiscal year.

Question

Supply is defined as:
A) the quantity of products that producers are willing to offer for sale at different market prices.
B) the number of consumers in a market that have low debt­to­income ratios.
C) the quantity of products that consumers are willing to buy at different prices.
D) the number of products produced in a given fiscal year.

Quizplus · Accepted Answer

Supply refers to the quantity of products or services that producers are willing to offer for sale at different market prices. It is determined by various factors such as production costs, technology, and market conditions, among others. The higher the price, the more quantity of products or services suppliers are willing to provide, and vice versa.

Supply Is Defined As