Which of the following best defines supply?
A) the amount of a good that producers want to sell at a fixed price
B) the amount of a good that consumers want to buy at different income levels
C) the amount of a good that producers are willing and able to sell at each possible price, other things constant
D) the amount of a good that is produced at the least possible cost, other things constant
E) the amount of a good that consumers are willing and able to buy at each possible price, other things constant
Correct Answer:
Verified
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