Supply is the quantity of goods and services readily available for sale in the market at a given price. Supply is decided by ____.
A
production and investment
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
price and demand
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
price and distribution
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
consumption and price
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is B price and demand Supply is the quantity of goods and services readily available for sale in the market at a given price. Supply is decided by price and demand.