Economics · Microeconomics
What is meant by the 'Supply' of a commodity?
- 1The quantity of the commodity offered for sale at a specific price per unit of time✓
- 2The stock available in the warehouse for sale
- 3The total existing stock of the commodity
- 4The actual total production of the commodity
Correct answer
The quantity of the commodity offered for sale at a specific price per unit of time
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