Advertisements
Advertisements
Question
Supply always refers to a specific desired quantity which a seller is willing to ______.
Options
Sell
Purchase
Store
None of these
Advertisements
Solution
Supply always refers to a specific desired quantity which a seller is willing to sell.
Explanation:
Supply refers to the specific quantity of a good or service that a seller is willing and able to sell at a given price over a certain period. It represents the seller's readiness to sell the product in the market.
APPEARS IN
RELATED QUESTIONS
Which one of the following is not a feature of supply?
The quantity of a commodity which a seller is ready to offer for sale at a given price and at a given time. This defines ______.
Define the term supply.
Price of the commodity and quantity supplied of that commodity is ______ related.
How is a market supply curve constructed?
Which of the following is NOT a factor affecting supply?
What does the supply curve typically look like for an individual firm?
What is an example of market supply?
How does better transportation affect supply?
What is stock in the context of supply?
