Advertisements
Advertisements
Question
Which one of the following is not a feature of supply?
Options
Price of the commodity
Period of time
Willingness to buy
Quantity of the commodity
MCQ
Advertisements
Solution
Willingness to buy
Explanation:
- Supply is concerned with the quantity of a commodity that producers are willing and able to sell at different prices over some time. It focuses on the willingness to sell or supply, not the willingness to buy.
- Willingness to buy is related to demand, not supply.
- Price of the commodity, period of time, and quantity of the commodity are all key features of supply, but willingness to buy is not.
shaalaa.com
Is there an error in this question or solution?
RELATED QUESTIONS
Following is an essential feature of supply:
Define the term supply.
What does 'supply' refer to in economics?
How is a market supply curve constructed?
What is the difference between supply and quantity supplied?
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?
Supply is always stated with ______.
What is stock in the context of supply?
