consider the maximum amount of a product that sellers are willing and able to provide for sale over a…

consider the maximum amount of a product that sellers are willing and able to provide for sale over a relevant range of prices, holding all other factors constant. economists call this maximal output. supply. profit maximization. sales volume. when the market price of a good increases, the amount that sellers are willing to offer for sale increases. economists call this the law of large numbers. the maximal quantity curve. the price - quantity principle. the law of supply.

consider the maximum amount of a product that sellers are willing and able to provide for sale over a relevant range of prices, holding all other factors constant. economists call this maximal output. supply. profit maximization. sales volume. when the market price of a good increases, the amount that sellers are willing to offer for sale increases. economists call this the law of large numbers. the maximal quantity curve. the price - quantity principle. the law of supply.

Answer

Brief Explanations:

  1. The maximum amount of a product that sellers are willing and able to provide for sale over a relevant range of prices (holding other factors constant) is defined as supply in economics.
  2. The principle that when the market price of a good increases, the amount that sellers are willing to offer for sale increases is known as the law of supply.

Answer:

  1. supply
  2. the law of supply