What is meant by supply?
1 Answer
Supply means the quantities of a commodity its producer or seller is ready to offer for a sale at a given price, per unit of time. In other words, the quantities of a good that the firms are willing and able to offer for sale over a given time period.
-
Write the meaning of various concepts of cost. Explain them. 1
-
Explain the meaning and nature of total variable cost along with diagram 1
-
Explain the meaning and nature of total cost along with diagram 1
-
Differences between total fixed cost and total variable cost 1
-
Differences between a Movement along and Shift in the Demand curve. 1
-
Differences between Movement along a supply curve and shift in the supply curve 1