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Class : 11
Unit : Economics


Write the meaning of Supply.


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Ans : Supply means quantities of commodity that a producer or a seller is ready to offer for a sale. It is the quantities for a commodity that a seller is able and willing to offer for sale of different prices, at particular period of time and place. According to Professor Thomas,” the supply of goods is the quantity offered for sale in a given market at a given time at various prices.”
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