The quantity supplied: is the amount that buyers are willing and able to buy at a particular price. shows how much sellers are willing and able to sell at different prices. shows how much buyers are willing and able to buy at different prices. is the amount that sellers are willing and able to sell at a particular price.

Question

Curtis Douglas

Business

13 May, 19:29

The quantity supplied: is the amount that buyers are willing and able to buy at a particular price. shows how much sellers are willing and able to sell at different prices. shows how much buyers are willing and able to buy at different prices. is the amount that sellers are willing and able to sell at a particular price.

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Leanna · Answer 1

is the amount that sellers are willing and able to sell at a particular price.

Explanation:

Quantity supplied refers to the amount of goods sold or supplied at a particular price by the sellers in the market. According to the law of supply, there is a positive relationship between the price of the commodity and the quantity supplied of that commodity.

This indicates that an increase in the price of the commodity will lead to increase the quantity supply of the commodity and a decrease in the price of the commodity will lead to decrease the quantity supplied of the commodity.