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Distinguish between supply and quantity supplied

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Distinguish between supply and quantity supplied

Posted by English Studies 4 years, 10 months ago

CBSE > Class 11 > Economics

1 answers

Ishu Sharma 4 years, 10 months ago

Quantity supplied” illustrates the amount or quantity that is willing to be provided for a certain market price. “Quantity supplied” is usually how many in number depending on the prices and quantity being illustrated for a specific time period or condition. The supply is illustrated in a supply curve and in a graph for simplification and illustration of the relationship between prices and quantities more clearly. It includes all the possible prices and possible quantities that are available.

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