Question

The varying amounts of a good or service that producers are willing and able to release on the market at different prices in a particular time period is known as

Answer 1

Supply, is the right answer.

Step-by-step explanation:

The given statement in the question exhibits the “Supply” because the term supply refers to the goods and services that are supplied by the supplier or producer at a particular time period and price of a commodity. There is a direct relationship between the price and supply of goods. Accordingly, if the price increases, the producers supply more commodities to earn more profit and when the price decreases, the producers supply fewer goods, or supply decreases because, at a lower price, the producer is less willing to supply the commodity.