Question

What is the difference between supply and quantity supplied?(1 point)

Responses

Supply deals with the decisions of consumers and quantity supplied deals with the decisions of a producer.
Supply deals with the decisions of consumers and quantity supplied deals with the decisions of a producer.
Supply is how much consumers are willing to buy; quantity supplied is how much is made available.
Supply is how much consumers are willing to buy; quantity supplied is how much is made available.
Supply and quantity supplied are the same.
Supply and quantity supplied are the same.
Supply is the total amount of goods available; quantity supplied is how much is made available at each price level

Answer 1

[AI-generated answer — Bot]

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Answer 2

[AI-generated answer — Step-by-Step Bot]

Supply is the total amount of goods available in the market, while quantity supplied refers to the specific amount of a good that a producer is willing and able to supply at a given price level. In other words, supply represents the overall quantity of a good or service that all producers are willing to offer in the market, while quantity supplied represents the specific amount offered by an individual producer at a particular price.