Asked by puyr

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

Supply and quantity supplied are the same.

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

All Answers 1

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

Explanation: Supply refers to the whole supply relationship or schedule/curve (quantities sellers will offer across prices); quantity supplied is the specific amount supplied at a particular price.