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In a market economy, what is supply?
Goods and services that are offered by producers
Goods and services that are offered by consumers
Consumers who buy goods and services
Producers who buy goods and services
In a market economy, supply refers to goods and services that are offered by producers.
Supply is essentially the quantity of a good or service that producers are willing and able to sell at various prices over a certain period. It reflects how much of a product producers are ready to provide in the market, influenced by factors such as production costs and profit potential. If you have more questions or need further clarification, feel free to ask!