Q8
The supply of a good refers to
A.
Stock available for sale
B.
Total stock in the warehouse
C.
Actual production of the good
D.
Quantity of the good offered for sale at a particular price per unit of time
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
The supply of a good refers to quantity of the good offered for sale at a particular price per unit of time. The term supply refers to the entire relationship between the quantity supplied and the price of a good.