Advertisements
Advertisements
Question
Supply always refers to a specific desired quantity which a seller is willing to ______.
Options
Sell
Purchase
Store
None of these
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
Following is an essential feature of supply:
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.
Explain how the supply of a commodity is affected by the prices of other related commodities. Give suitable examples.
