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प्रश्न
Identify and explain the following concept.
Out of 4000 kgs of rice, the farmer offered to sale 1000 kgs of rice in the market for ₹ 40 per kg.
टिप्पणी लिखिए
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उत्तर
Concept: Supply.
Explanation:
- The complete number of goods and services that a seller is willing and able to provide for sale at a specific price, over a specific time period, is referred to as supply.
- For instance, a farmer produces 4000 kg of rice overall. The entire stock is shown here. He offers to sell 1000 kgs at a price of $40 per kg. The real supply is as stated.
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