Final answer:
The quantity of a product that a supplier is willing to produce and sell is determined by the price at which the product can be sold in the market.
Step-by-step explanation:
In economics, the quantity of a product that a supplier is willing to produce and sell is determined by the price at which the product can be sold in the market. This relationship between price and quantity supplied is known as the law of supply.
If the price for Jake's famous donuts is $1.00, we would need more information about the suppliers' willingness to supply in order to determine the exact amount of donuts they would be willing to make. However, we can say that if the price is $1.00, suppliers would likely be willing to produce and sell a higher quantity of donuts compared to if the price were lower.