Question

0 Assignment Score: 11.8% Resources Give Up & Hint Check Answer < Question 4 of 25 > The maximum amount of a product that sellers are willing and able to provide for sale over a relevant range holding all other factors constant, is called O profit maximization. O maximal output. O supply Osales volume. When the market price of a good increases, the amount that sellers are willing to offer for sale increases. Thi best described as ! the maximal quantity curve. O the law of supply. O the law of large numbers. the price-quantity principle. about ur ran n arnolicy terms of use contacts hala

Answer 1

a) "C"

It is termed as "supply", it is the amount of goods that the firm in the market is able to sell at the given price range.

b) "B"

It is the law of supply in the market, it says as the price in the market rises the quantity supplied in the market will increase.