InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
Distinguish between supply and quantity supplied |
| Answer» Quantity supplied” illustrates the amount or quantity that is willing to be provided for a certain market price. “Quantity supplied” is usually how many in number depending on the prices and quantity being illustrated for a specific time period or condition.The supply is illustrated in a supply curve and in a graph for simplification and illustration of the relationship between prices and quantities more clearly. It includes all the possible prices and possible quantities that are available. | |