Social StudiesPregunta 97 de 120
In an economy, what does the term 'supply' refer to?
a.The amount of a good producers offer for sale
b.The desire of consumers to buy a good
c.The total money in a bank
d.The tax on a product
Explicación
Supply is the quantity of a good or service that producers are willing to offer at various prices. Demand, by contrast, is what consumers want to buy. Together, supply and demand influence market prices.
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