Supply refers to

Question

Supply refers to

BlackTom AI · Accepted Answer

The prompt asks to supply refers to, which centers on how we define the concept of supply in economics.
Since the provided data shows an answer labeled as 'b. the willingness and ability of a supplier to sell a product.' but there are no answer options listed, we cannot analyze multiple choices against each other. Instead, we can explain why the given statement aligns with the standard definition of supply. In economic terms, supply embodies two key ideas: willingness and ability. Willingness means that sellers want to sell the product at given prices, while ability means they have the means (inventory, production capacity, access to inputs) to actually offer the product for sale. Together, these factors determine the quantity that suppliers are prepared to offer at various price levels, which is represented by the supply schedule or supply curve.
If we contrast with related concepts, demand describes how much consumers are willing and able to purchase, not how much sellers are willing to sell. A statement focusing solely on desire without capability would be incomplete, and a statement describing consumer behavior would misattribute the concept to demand. Any option that mentions selling intentions without considering whether the seller has the goods, production capacity, or the market’s price signals would be incomplete for defining supply. Conversely, a definition that ties supply to price incentives, production costs, technology, and expectations about future prices would fully capture what supply represents, because these determinants affect both willingness and ability.
In a typical set of choices, incorrect options might conflate supply with demand, confuse willingness with actual sales regardless of capability, or restrict supply to only one dimension such as psychological motivation or external pressures. Each of these misframes would misstate what supply actually measures in the market context.
Overall, the statement provided aligns with the conventional economic understanding of supply by incorporating both the willingness to sell and the practical ability to sell a product.

Supply refers to

查看解析

登录即可查看完整答案

类似问题

当经济学家谈论供给时，他们指的是每单位销售产品的价格与_________________之间的关系。

The relationship between the quantity of a good or service sellers are willing to offer for sale at different prices is:

When the supply curve shifts to the right, what does it indicate?

When the supply curve shifts to the right, what does it indicate?

An increase in production costs at any given quantity:

A decrease in a per unit production subsidy:

What would be the likely effect of improved technology on supply?

Supply refers to

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单