Question

3 different ways of expressing info about the supply of a good, service, or resource are:

Answer 1

The three different ways to express information about the supply of a good, service, or resource are: the resource must have been produced, the resource can be used to produce other goods and services, and the resource can be bought and sold in a market.

Step-by-step explanation:

There are three different ways to express information about the supply of a good, service, or resource:

1. The resource must have been produced: This means that the good, service, or resource has to be created or manufactured in some way. For example, if we are talking about the supply of gasoline, it must be produced by refining crude oil.
2. The resource can be used to produce other goods and services: This means that the good, service, or resource is a factor of production that can be used to create other goods and services. For example, if we are talking about the supply of labor, it can be used to produce other goods and services through human effort.
3. The resource can be bought and sold in a market: This means that the good, service, or resource can be exchanged for money or other goods and services in a market. For example, if we are talking about the supply of land, it can be bought and sold in the real estate market.