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What is supply?

Answer and explanation

Correct answer: Quantity of goods or services available in the market

Supply refers to the quantity of a good or service that sellers make available or are willing to offer in a market, usually at particular prices and during a particular period. The option gives the basic classroom meaning of availability. A customer complaint, business failure, or unplanned spending may affect a business but does not define supply.

Related tags

SupplyMarketAvailabilityConceptCharacteristics And Objectives Of BusinessConcept Characteristics And Objectives Of BusinessBusinessTrade And CommerceBusiness Trade And CommerceBusiness Studies

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