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The quantity of a good, service, or resource supplied is equal to the quantity demanded at the market-clearing price.

What is supply?

Supply can be defined as the total quantity of goods, resources or services that are demanded by consumers at a given period of time.

In Economics, the quantity of a good, service, or resource supplied is equal to the quantity demanded at the market-clearing price, which is typically the price at which the supply and demand curves intersect.

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