IDNLearn.com: Your reliable source for finding precise answers. Ask your questions and get detailed, reliable answers from our community of experienced experts.
Sagot :
Answer:
The supply of a commodity is the amount of the commodity which the sellers or producers are able and willing to offer for sale at a particular price, during a certain period of time.
Note: Hope it helped
The amount of a commodity that sellers or producers are able and willing to provide for sale at a specific price for a specific length of time is referred to as the supply of that commodity.
To put it another way, we may say that supply is a relative concept. It is always used in the context of a relationship between price and time. A statement of supply that makes no mention of price or time makes little sense from an economic standpoint. Consider the following: "The supply of milk is 1,000 litres." In economic analysis, this statement has no relevance whatsoever.
I hope this helps you
:)
To put it another way, we may say that supply is a relative concept. It is always used in the context of a relationship between price and time. A statement of supply that makes no mention of price or time makes little sense from an economic standpoint. Consider the following: "The supply of milk is 1,000 litres." In economic analysis, this statement has no relevance whatsoever.
I hope this helps you
:)
We value your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Find clear answers at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.