Supply is defined as the One reason why high prices are asso

Supply is defined as the

One reason why high prices are associated with a high quantity supplied is that

Market supply is the quantities that

Solution

Supply is defined as the quantity of a good or service that producers are willing and able to produce or offer at a given price over a given time period. (This is the definition for supply).

The main reason associated with why the high prices at higher quantity supplied because when there is higher quantity supplied then this will have more costs of production, therefore to compensate for these costs and earn profits , Suppliers charged higher price. Hence, Suppliers need to be compensated for higher production costs of higher output levels.

Market Supply is the quantities that all sellers combined are willing and able to sell at various prices over a specific time period. Because individual supply is for one seller but market supply is for all the sellers available in the market.