Question

The supply of commodity refers to

• A. The actual stock of goods in the market at a single price
• B. The amount of goods offered for sale at a particular price per unit of time
• C. The stock of goods available for sale at various prices
• D. The total existing stock of goods at particular period of time

Answer 1

The correct option is B

The amount of goods offered for sale at a particular price per unit of time

Supply is a flow variable. Hence, supply of commodity refers to the amount of goods which are offered for sale at a particular price per unit of time.