The quantity supplied of a good or service is the
A) list of all quantities at different prices, as illustrated by a supply schedule and a supply curve.
B) list of all quantities at different prices, as illustrated by a demand schedule and a demand curve.
C) one quantity produced at a variety of prices.
D) quantity produced at one price.

Question

Quizplus · Accepted Answer

The quantity supplied refers to the specific amount of a good or service that producers are willing and able to offer for sale at a particular price. This is represented by a specific point on the supply curve, indicating the quantity that will be produced and offered for sale at that particular price. Therefore, the option that best describes the quantity supplied is D, “quantity produced at one price”.

The Quantity Supplied of a Good or Service Is the