What is supply in the free market?

Question

• the amount of a good or service
• the benefits of a good or service
• the demand for a good or service
• the quality of a good or service

Answer 1

The correct answer is: the amount of a good or service. In a free market, supply refers to the quantity of a specific good or service that producers are willing and able to offer for sale at a specific price. It is affected by various factors, including production costs, technological advancements, market competition, and government regulations.