The quantity supplied is the:
A) amount of inputs that a firm earns profit on.
B) change in the sellers' output multiplied by the change in price.
C) incremental cost of producing one more unit of output, holding all other things constant.
D) amount of a good that firms are willing and able to sell at a particular price during a given period of time.

Question

Quizplus · Accepted Answer

The quantity supplied refers to the amount of a good that firms are willing and able to sell at a particular price during a given period of time. It is determined by the firm's production costs, market conditions, and price of the good, among other factors. Choice A refers to the profit earned by a firm, not the quantity supplied. Choice B is not an accurate definition of quantity supplied, as it suggests a direct relationship between price and output, which is not always the case. Choice C refers to marginal cost, which is relevant to production decisions but not the same as quantity supplied.

The Quantity Supplied Is The