What is the difference between supply and quanity suppilied?

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2026-05-04 02:20

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Supply refers to the overall relationship between the price of a good and the quantity that producers are willing to sell at various price levels, typically represented by the supply curve. Quantity supplied, on the other hand, is the specific amount of a good that producers are willing to sell at a particular price. In essence, supply encompasses the entire range of prices and quantities, while quantity supplied is a single point on that supply curve corresponding to a specific price.

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