A schedule of the amounts of a good or service that will be offered for sale at different prices during a specified period is referred to as _____.
A)demand
B)supply
C)surplus
D)ration

Question

Quizplus · Accepted Answer

The definition provided matches the concept of supply, which refers to the quantities of a good or service that producers are willing and able to offer for sale at different prices during a given period. Demand is the schedule of the amounts of a good or service that buyers are willing and able to purchase at different prices, while surplus refers to a situation where the quantity of a good supplied exceeds the quantity demanded at a given price. Ration is a term that refers to a fixed allowance or portion of a good or service that is given in limited quantities, often due to scarcity or necessity.

A Schedule of the Amounts of a Good or Service