The quantity supplied is the:

a. incremental cost of producing one more unit of output, holding all other things constant.

b. change in the sellers' output multiplied by the change in price.

c. amount of a good that firms are willing and able to sell at a particular price during a given period of time.

d. amount of inputs that a firm earns profit on.

Question

Guest

Business

7 April, 02:50

The quantity supplied is the:

a. incremental cost of producing one more unit of output, holding all other things constant.

b. change in the sellers' output multiplied by the change in price.

c. amount of a good that firms are willing and able to sell at a particular price during a given period of time.

d. amount of inputs that a firm earns profit on.

+2

Answers (1)

Know the Answer?

Eric Zavala · Answer 1

c. amount of a good that firms are willing and able to sell at a particular price during a given period of time.

Explanation:

Quantity of any goods that a business is willing to sell at a particular price during a given time period is called Quantity supplied. For Example when the price of an apple $1 the quantity supplied is 200 apples a week. if the price falls to $0.85 per apple the quantity supplies will fall to 150 apples a week. So, Quantity supplied at $1 is 200 apples and at $0.85 is 150 apples per week.