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What is the primary purpose of supply?

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Question: What is the primary purpose of supply?

Options:

  1. To determine prices
  2. To meet consumer demand
  3. To create competition
  4. To regulate the economy

Correct Answer: To meet consumer demand

Solution: 

The primary purpose of supply is to meet consumer demand by providing goods and services.

What is the primary purpose of supply?

Practice Questions

Q1
What is the primary purpose of supply?
  1. To determine prices
  2. To meet consumer demand
  3. To create competition
  4. To regulate the economy

Questions & Step-by-Step Solutions

What is the primary purpose of supply?
No concepts available.
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