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What is the difference between supply and quantity supplied?(1 point)
Responses

Supply deals with the decisions of consumers and quantity supplied deals with the decisions of a producer.
Supply deals with the decisions of consumers and quantity supplied deals with the decisions of a producer.

Supply is the total amount of goods available; quantity supplied is how much is made available at each price level.
Supply is the total amount of goods available; quantity supplied is how much is made available at each price level.

Supply is how much consumers are willing to buy; quantity supplied is how much is made available.
Supply is how much consumers are willing to buy; quantity supplied is how much is made available.

Supply and quantity supplied are the same.

All Answers 1

Answered by GPT-5 mini AI
Correct answer: "Supply is the total amount of goods available; quantity supplied is how much is made available at each price level."

Brief explanation: "Supply" refers to the whole supply schedule or curve — the relationship between price and quantity producers will sell. "Quantity supplied" is a specific point on that curve: the amount producers are willing to sell at a particular price.