True. Supply refers to the quantity of products or goods that producers are willing and able to offer for sale at different prices in a given market. It is typically represented by a supply curve, which shows the relationship between the price of a product and the quantity that producers are willing to supply at that price.
True. Supply refers to the quantity of products or goods that producers are willing and able to offer for sale at various possible prices in a given market. It represents the relationship between price and quantity supplied, indicating the amount of a particular product that suppliers are willing to sell at different price levels. As the price of a product increases, suppliers are generally willing to produce and sell more of it, leading to an increase in supply. Conversely, as the price decreases, the supply is likely to decrease.
