What is the market supply?

Understand the Problem

The question is asking for an explanation of the term 'market supply', which pertains to economics and refers to the total amount of a good or service that producers are willing and able to sell at various prices in a given market.

Answer

Market supply is the total quantity of a good or service that all producers are willing and able to sell at different prices over a given period.

Market supply is the total quantity of a good or service that all producers are willing and able to sell at different prices over a given period of time.

Answer for screen readers

Market supply is the total quantity of a good or service that all producers are willing and able to sell at different prices over a given period of time.

More Information

Market supply considers all producers within a market and their willingness to supply goods or services at various price points.

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