ICSE BoardEnglish MediumSTD 10EconomicsTheory of Supply2 Marks
Question
Define the term supply. How is it different from stock?
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Answer
Supply means the quantity of a commodity offered for sale at a particular price, during a given period of time by the producer. Stock : Stock indicates the total fixed quantity of a commodity which is meant for sale. Supply : Supply refers to the quantity of the good which a seller is willing to sell at a perticular price.
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