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Question
What does the term 'supply' mean in Economics?
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Solution
Supply refers to various quantities of a commodity that the producers wish to sell at a different possible prices of the commodity at a point of time.Quantity supplied refers to the specific quantity that the producer is willing to sell at a specific price of the commodity.
Supply refers to various quantities of a commodity that the producers wish to sell at a different possible prices of the commodity at a point of time.
Quantity supplied refers to the specific quantity that the producer is willing to sell at a specific price of the commodity.
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