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The Basics of Supply
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The Basics of Supply
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3. Supply and Demand / The Basics of Supply / Problem 2
Problem 2
How does 'quantity supplied' differ from 'quantity demanded'?
A
Quantity supplied is always greater than quantity demanded.
B
Quantity supplied and quantity demanded are the same concept.
C
Quantity supplied refers to the amount consumers are willing to buy, while quantity demanded refers to the amount sellers are willing to produce.
D
Quantity supplied refers to the amount sellers are willing to produce, while quantity demanded refers to the amount consumers are willing to buy.
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