What is supply?
A)The total quantity of goods produced but not sold.
B)The maximum possible quantity that producers could make available.
C)The quantity made available by a typical producer.
D)The quantities that producers are willing and able to sell per period of time at various prices.

Question

Quizplus · Accepted Answer

Supply refers to the quantities that producers are willing and able to sell per period of time at various prices. Option A refers to unsold inventory, option B refers to the maximum production capacity, and option C refers to the output of a single producer, whereas supply is the collective output of all producers in a market.

What Is Supply