5
QuizMultiple Choice

Shopping Review and Quiz

Question 5 • FL-0708340-Spanish 1 LMS

What is the definition of supply?

Answer
A
the amount of land, labor, and capital available to producers
B
the amount of goods and services available to consumers
C
the practice of several producers selling the same product
D
the practice of consumers replacing one good with a similar good

Explanation

Supply is the amount of a good or service that producers make available for sale to consumers. Choice B, “the amount of goods and services available to consumers,” matches this definition. Choice A describes productive resources, not supply.

AI-written and checked against the verified answer.

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