What is meant by supply?

Amount offered for sale

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Amount offered to supplier

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Lease

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None of these

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Solution

The correct option is C Amount offered for sale
supply is the amount of a resource that firms, producers, laborers, providers of financial assets, or other economic agents are willing and able to provide to the marketplace or directly to another agent in the marketplace

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Question 73

A watch worth Rs.5400 is offered for sale at Rs.4500. What per cent discount is offered during the sale?

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