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what is quantity supply
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what is quantity supply Related: THEORY OF SUPPLY - PART 1
In economics, quantity supplied describes the amount of goods or services that are supplied at a given market price. How supply changes in response to changes in prices is called the price elasticity of supply. The quantity supplied depends on the price level, and the price can be set by either a governing body by using price ceilings or floors or by regular market forces.
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what is quantity supply Related: THEORY OF SUPPLY - PART 1
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