The quantity supplied of a good,service,or resource is ________ during a specified period and at a specified price.
A) the amount that people are able to sell
B) the amount that people are willing to sell
C) the amount that people are able and willing to sell
D) the amount that people are willing and able to buy
E) the amount sold

Question

Quizplus · Accepted Answer

The quantity supplied refers to the amount of a good, service, or resource that producers are willing and able to sell during a specified period and at a specified price. Therefore, option C, which states that it is the amount people are able and willing to sell, is the best choice. Option A only considers the ability to sell, while option B only considers the willingness to sell. Option D refers to the quantity demanded, not the quantity supplied, and option E refers to the actual amount sold, which may be different from the quantity supplied depending on market conditions.

The Quantity Supplied of a Good,service,or Resource Is ________ During