The Term Quantity Supplied Refers to

question 7

Multiple Choice

The term quantity supplied refers to

• A)the minimum quantity producers must sell in order to stay in business.
• B)the quantity where the supply and demand curves cross.
• C)a supply schedule.
• D)the entire supply curve.
• E)the amount of a good producers are willing to sell at a given price.

---

Definitions:

Note Receivable

A financial asset representing a written promise to receive a specific amount of money on a certain date or on demand.

Payment of Account

The process of settling a liability or an amount owed to a creditor, vendor, or supplier by making a cash or electronic payment.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated as sales divided by average accounts receivable.

Days' Sales in Receivables

A financial metric that estimates the average number of days it takes a company to collect payments after a sale has been made.