Paper 2 · supply
The quantity supplied is
Aa choice of alternative goods and services to be produced.
Bthe ability to produce the goods and services that are desired.
Cthe perfect knowledge of the opportunities available to suppliers.
Dthat both the supplier and consumer is a king.
Explanation: Quantity supplied refers to the ability (willingness and ability) to produce the goods and services that are desired at a given price.
ZIMSEC Economics Paper 2, June 2009, Q3
