In which statement(s) are "supply" and "quantity supplied" used correctly? (I) "An increase in the price of computers will increase the quantity supplied of computers."
(II) "A technological advance that lowers the cost of producing computers will increase the supply of computers."

Question

Quizplus · Accepted Answer

In statement I, "quantity supplied" refers to the specific amount of computers that will be supplied at a higher price. 
In statement II, "supply" refers to the overall availability of computers in response to a technological advance that lowers production costs.

In Which Statement(s) Are "Supply" and "Quantity Supplied" Used Correctly