Question

Local cell phone producers make and sell 250,000 phones. This counts as _____ for cell phone producers. 1.supply 2.demand

Answer 1

i answer is going to be A because the porducers make and sell 250,00 phones.

Answer 2

The correct option is: Supply

In economics, supply is defined as the quantity of goods or services that producers are willing to sell to consumers under certain market conditions. In the market economy system, it is accepted that the price and the quantity offered are determined by a balance between supply and demand (in non-competitive markets or those with market failures other additional factors may intervene).