____________ is the total number of units of a good or service producers are willing to sell at a given price. This is not to be confused with __________, which is a function representing the relationship between quantity supplied and different prices. Select the correct answer below: Quantity supplied; supply Quantity output; production Quantity produced; output Quantity sold; supply

Respuesta :

Answer:

1. Quantity supplied

2. Supply

Explanation:

Quantity supplied is the total number of units of a good or service producers are willing to sell at a given price. This is not to be confused with supply , which is a function representing the relationship between quantity supplied and different prices.

In economic, supply is not the same as quantity supplied. When refer to supply, it means the relationship between a range of prices and the quantities supplied at those prices. This relationship can be illustrated with a supply curve. When  refer to quantity supplied, it means only a certain point on the supply curve. In short, supply refers to the curve, and quantity supplied refers to the specific point on the curve.

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