What term describes the total amount sellers are willing to offer for sale at any price?

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The term that describes the total amount sellers are willing to offer for sale at any price is supply. It refers to the relationship between the price of a good or service and the quantity that producers are willing and able to sell. As the price increases, suppliers are generally more inclined to produce and sell larger quantities, because higher prices can lead to greater revenue.

Understanding supply is essential for analyzing how markets function, as it interacts with demand to determine equilibrium price and quantity in a given market. Demand, on the other hand, pertains to how much of a product consumers wish to purchase at various prices, highlighting a different aspect of market dynamics. Pricing refers to the process of determining what a company will receive in exchange for its products, while market offering is a broader term that encompasses the various goods or services available for sale at a given time.

Thus, supply directly addresses the question regarding the willingness and ability of sellers in the market.

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