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Question

refers to the quantity of a good that a seller is prepared to sell at the given price.

A
Goods
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B
Demand
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C
Supply
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D
Retail price
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Solution

The correct option is C Supply
Supply refers to the quantity of a good that a seller is prepared to sell at the given price. In other words, it signifies the amount of resources that get exchanged in a market between the seller and the buyer. The buyer or customer pays a price in the form of money to buy a product from the seller, which is nothing but the supply.

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