The quantity of a product that will be offered to the market by a supplier at various prices for a specified period determines the product’s ______.

Respuesta :

Answer: Product's supply.

Explanation:

According to the economics, supply refers to the quantity of a commodity offered in the market at various prices and at a given point of time. Supply also defined the capability or willingness of a supplier to sell the specified quantity of a product at a given prices and point of time.

Economic theory of supply states that other things remains constant, increase in the price of a commodity results in higher supply for that commodity and vice versa. There is a direct relationship between the price and supply for a commodity.

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