……… refers to the quantity of a good or service that producers are willing and able to sell during a certain period under a given set of conditions

Related MCQs

• ………. for a product is a statement of the relation between the quantity supplied and all factors affecting that quantity
• Law of demand shows the functional relationship between _______ and quantity demanded
• Law of demand shows the functional relationship between ………….and quantity demanded
• The relationship between price and quantity demanded is
• Marginal revenue is ………….at the quantity that generate maximum total revenue and negative beyond that point.
• Demand for necessary goods (salt, rice, etc,) is……….and demand for comfort and luxury good is
• When the quantity demanded of a commodity rises due to a fall in price, it is called
• When the quantity demanded falls due to a rise in price, it is called
• A demand curve which takes the form of horizontal line parallel to quantity axis illustrates elasticity which is:
• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is: