When economists talk about supply, they are referring to a relationship between price received for each unit sold and the ________________.

Respuesta :

Supply refers to a relationship between price received for each unit sold and the quantity supplied.

What is supply?

Supply refers to the relationship between the price of an item and the quantity supplied. The relationship between price and the quantity supplied is positive. This is in line with the law of supply.

The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls.

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