To be part of the supply for a good,a producer must be
A) only able to supply the good.
B) only willing to supply the good.
C) both able and willing to supply the good.
D) both able and willing to supply the good, and have already identified a buyer.
E) both able and willing to supply the good, and have already sold the good.

Question

Quizplus · Accepted Answer

To be part of the supply for a good, a producer must not only have the ability to supply the good but also the willingness to do so. Therefore, option C is the correct choice. The producer does not need to have already identified a buyer or sold the good to be considered part of the supply.

To Be Part of the Supply for a Good,a Producer