The quantity supplied is the quantity that:
A) sellers are willing to sell but they cannot produce enough.
B) sellers are able to sell at a given cost but they are not willing to sell.
C) sellers are willing to sell at a given cost.
D) sellers are willing and able to sell at a given price.

Question

Quizplus · Accepted Answer

The definition of quantity supplied is the amount of a good or service that sellers are both willing and able to sell at a certain price. Therefore, choice D is the correct answer as it includes both factors that determine the quantity supplied.

The Quantity Supplied Is the Quantity That