Question

The maximum amount of a product that sellers are willing and able to provide for sale over a relevant range of prices, holding all other factors constant, is called supply. sales volume. profit maximization. maximal output. When the market price of a good increases, the amount that sellers are willing to offer for sale increases. This statement is best described as the law of supply. the price-quantity principle. the maximal quantity curve. the law of large numbers.

Answer 1

Answer:

SUPPLY

LAW OF SUPPLY

Explanation:

Supply is the buyer's ability & willingness to sell at a given price, period of time.

Law of Supply states : Positive relationship between price & quantity demanded, other factors remaining constant. It implies higher price increases supply, lower price decreases supply (other factors same)