What is the quantity supplied at the price of: i) GH¢12.00 ii) GH¢20.00 b) State the law of supply using the supply function. 2) Explain the following: a) supply b) stock c) quantity supply.

Here are the explanations for the terms you've provided:

a) Supply:
Supply refers to the total amount of a specific good or service that producers are willing and able to offer for sale in the market at various prices during a given period. It represents the entire relationship between price and quantity offered.

b) Stock:
Stock refers to the total quantity of goods that a firm has on hand and available for sale at a particular point in time. It is a snapshot of available inventory, not necessarily what is being offered for sale over a period.

c) Quantity Supplied:
Quantity supplied is the specific amount of a good or service that producers are willing and able to sell at a particular, single price during a given period. It is a point on the supply curve, whereas supply refers to the entire curve.