Question

quiz
question 7 of 10
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

Explanation:

In a market economy, supply refers to the goods and services that producers are willing and able to offer for sale. Consumers buy (demand), not supply. Producers supply, not buy in the context of supply definition. So the correct option is the one about producers offering goods and services.

Answer:

A. Goods and services that are offered by producers