Ask Question
BusinessBusiness
15 March, 13:00

Which of these statements explains the term supply?

A.

Supply refers to the seller's ability and desire to sell goods and services.

B.

Supply refers to the seller's ability and desire to buy goods and services.

C.

Supply refers to the buyer's ability and desire to sell goods and services.

+1
Answers (2)
  1. 15 March, 13:03
    0
    The term supply refers to the seller's ability and desire to sell goods and services that the buyer is demanding. Supply and demand go hand in hand, if a person wants to purchase a product or service then the supplier needs to have it available for purchase. The best term to describe supply is A. Supply refers to the seller's ability and desire to sell goods and services. If there is a supply of a good, a consumer is more likely to purchase it and continue to purchase it if it is readily available.
  2. 15 March, 13:16
    0
    Your answer is : A)

    Supply refers to the seller's ability and desire to sell goods and services
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of these statements explains the term supply? A. Supply refers to the seller's ability and desire to sell goods and services. B. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Corner Books has sales of $687,400, cost of goods sold of $454,200, and a profit margin of 5.5 percent. The balance sheet shows common stock of $324,000 with a par value of $5 a share, and retained earnings of $689,500.
Answers (1)
What portion of discretionary spending is typically spent on defense? about half about two thirds about one fourth about one third
Answers (1)
Which of the following is an example of an illegal business activity? A. Bait-and-switch advertising B. Network marketing C. Cold calling D. Price fixing
Answers (2)
Many small firms seek to establish a particular niche in the market, realizing that they cannot afford to operate on a larger scale without exposing themselves to considerable risk of retaliation from larger companies.
Answers (1)
A lado of financial literacy can cause you to lose your
Answers (1)
New Questions in Business
What is the difference between a layoff and being fired?
Answers (1)
What is "risk" and how can people reduce it through "risk shifting"?
Answers (1)
Which type of business is best for Juanita to start? A corporation, because she needs a large investment to get started a sole proprietorship, because she will work alone from home a franchise, because many others will want to start the same
Answers (2)
The essential requirement for different businesses to be related is that A. E) the production methods that they employ both entail economies of scale. B. B) the products of the different businesses are bought by much the same types of buyers. C.
Answers (1)
Which of the following statement best describes the difference between a trade surplus and a trade deficit?. A. A trade surplus is when a country exports more than it imports, while a trade deficit happens when imports exceed exports. B.
Answers (1)
Home » Business » Which of these statements explains the term supply? A. Supply refers to the seller's ability and desire to sell goods and services. B. Supply refers to the seller's ability and desire to buy goods and services. C.
Sign Up Forgot Password?