Q127
The supply of a commodity refers to
A.
Actual production of the commodity
B.
Total existing stock of the commodity
C.
Stock available for sale
D.
Amount of the commodity offered for sale at a particular price per unit of time
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The supply of a commodity refers to amount of the commodity offered for sale at a particular price per unit of time. Price of a commodity is determined by the demand for and supply of a commodity.