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InterviewSolution
| 1. |
Define supply |
| Answer» To study the behaviour of producer economist has developed the theory of supply.<br>Suppply refers to the qty supplied of a commodity that a producer is qilling to sell at a given period of time at a particular price<br>Supply refers to quantity of a commodity that a firm is willing and able to offer for sale at a given price during a given period of time. ☺️ ☺️ ☺️<br>Supply refers to the amount of a good or service that the producers/providers are willing and able to offer to the market at various prices during a period of time. There are two important aspects of supply:\tSupply refers to what is offered for sale and not what is finally sold.\tSupply is a flow. Hence, it is a certain quantity per day or week or month, etc. | |