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

Goods

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Demand

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Supply

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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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Similar questions

At any price higher than the market-clearing price, the quantity that buyers want to buy is less than the quantity that sellers want to sell.

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