The quantity of a product that a producer is willing to sell at various prices is called
A) supply.
B) inventory.
C) stock.
D) demand.
E) breakeven quantity.

Question

Quizplus · Accepted Answer

The quantity of a product that a producer is willing to sell at various prices is called supply. Supply represents the amount of goods or services that producers are willing to bring to the market at different prices. As prices increase, quantity supplied usually increases as well, reflecting the idea that producers are willing to produce more if they can sell their products for higher prices.

The Quantity of a Product That a Producer Is Willing