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What does 'supply' refer to in economics?

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Question

What does 'supply' refer to in economics?

Options

  • Amount produced by firms

  • Amount ready to sell at different prices over time

  • Amount imported

  • Amount of unsold goods

MCQ
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Solution

Amount ready to sell at different prices over time

Explanation:

Supply means the amount of goods or services sellers are willing and able to offer for sale at different prices during a certain period.​

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