Question:
What is the difference between supply and quantity supplied?
Last updated: 7/9/2022
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What is the difference between supply and quantity supplied? Supply is how much consumers are willing to buy; quantity supplied is how much is made available. Supply deals with the decisions of consumers and quantity supplied deals with the decisions of a producer. Supply is the total amount of goods available; quantity supplied is how much is made available at each price level. Supply and quantity supplied are the same.