The Quantity of a Good or Service That Manufacturers or Owners

question 68

Multiple Choice

The quantity of a good or service that manufacturers or owners are willing to sell at different prices during a specific time period is known as the:

• A)supply of that product.
• B)demand for that product.
• C)elasticity of that product.
• D)utility of that product.

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Definitions:

Genetics

The branch of biology that studies genes, genetic variation, and heredity in organisms.

Inborn

Characteristics, traits, or abilities present at birth, not acquired or learned through experience.

Environment

The surrounding conditions or influences that affect the growth, development, or existence of organisms or things.

Dizygotic

Pertaining to twins that are born from separate eggs fertilized by separate sperm cells, resulting in them being genetically similar as siblings rather than identical.