Which of these statements explains the term supply?

A.

Supply refers to the seller's ability and desire to sell goods and services.

B.

Supply refers to the seller's ability and desire to buy goods and services.

C.

Supply refers to the buyer's ability and desire to sell goods and services.

The term supply refers to the seller's ability and desire to sell goods and services that the buyer is demanding. Supply and demand go hand in hand, if a person wants to purchase a product or service then the supplier needs to have it available for purchase. The best term to describe supply is A. Supply refers to the seller's ability and desire to sell goods and services. If there is a supply of a good, a consumer is more likely to purchase it and continue to purchase it if it is readily available.

Your answer is : A)

Supply refers to the seller's ability and desire to sell goods and services