Question No. 51 :
What is supply?
Answers
Answered by
23
...heya friend...
here is your answer
supply at any one time and wante to see as much part of the precious productive.
product is one part of the supply product.
☺️hope it help you ☺️
here is your answer
supply at any one time and wante to see as much part of the precious productive.
product is one part of the supply product.
☺️hope it help you ☺️
Anonymous:
thanks:-)
Answered by
6
hi
here is your answer friend
The total amount of a product (good or service) available for purchase at any specified price.
Supply is determined by: (1) Price: producers will try to obtain the highest possible price whereas the buyers will try to pay the lowest possible price both settling at the equilibrium price where supply equals demand. (2) Cost of inputs: the lower the input price the higher the profit at a price level and more product will be offered at that price. (3) Price of other goods: lower prices of competing goods will reduce the price and the supplier may switch to switch to more profitable products thus reducing the supply.
hope it helps
PLZ mark brainliest
here is your answer friend
The total amount of a product (good or service) available for purchase at any specified price.
Supply is determined by: (1) Price: producers will try to obtain the highest possible price whereas the buyers will try to pay the lowest possible price both settling at the equilibrium price where supply equals demand. (2) Cost of inputs: the lower the input price the higher the profit at a price level and more product will be offered at that price. (3) Price of other goods: lower prices of competing goods will reduce the price and the supplier may switch to switch to more profitable products thus reducing the supply.
hope it helps
PLZ mark brainliest
Similar questions