In economics, what does "supply" mean?
Does it mean
How much is supplied by the supplier?
Or does it mean how much remains in the supply stash (assuming the supplier does not restock)?
Answer:
Supply is the amount of a good that producers are prepared to produce and sell at different prices of that good. For example, the supply of some good might be such that producers are prepared to produce 100 units of the good if they can sell each unit for $10 each, but they are prepared to 200 units if they can sell each unit for $15 each.
How much is supplied by the supplier
it means what the supplier has in stock
Supply is defined as the "amount of a good or service producers are willing and able to produce at a given price"
Hence it is how much is supplied by ALL suppliers.
More Questions and Answers:
How can i improve ones personality?
How Can India develop global trade?
Role of fiscal and monetary policy in order to control inflation?
Why tax th wrld to pay th best to feed th wrld w/ wuts left ovr aftr fill'n prisns w/ poor folk need'n lesons?
What is the solution of UN-EMPLOYMENT PROBLEM all over world now?
Do you agree: Money doesn't equal happiness?
What is the real monetary Value of One(1*) U.S. Dollar $ in America Today? Your Thoughts?
The number of wheat producers declines.?
Flexible exchange rates?
If you hand 1,00000 dollar what would you buy?
How much is supplied by the supplier?
Or does it mean how much remains in the supply stash (assuming the supplier does not restock)?
Answer:
Supply is the amount of a good that producers are prepared to produce and sell at different prices of that good. For example, the supply of some good might be such that producers are prepared to produce 100 units of the good if they can sell each unit for $10 each, but they are prepared to 200 units if they can sell each unit for $15 each.
How much is supplied by the supplier
it means what the supplier has in stock
Supply is defined as the "amount of a good or service producers are willing and able to produce at a given price"
Hence it is how much is supplied by ALL suppliers.
The answers post by the user, for information only, FunQA.com does not guarantee the right.
More Questions and Answers: