What describes the ability and willingness to provide a good or service at a particular price?

The term that describes the ability and willingness to provide a good or service at a particular price is supply. Supply refers to how much of a good or service producers are willing to sell at various prices. It illustrates the relationship between the price of a product and the quantity that producers are prepared to offer in the market. When the price increases, typically, the quantity supplied also increases, as producers are more motivated to maximize their profits. In contrast, demand refers to consumers' willingness to purchase a good or service at different prices, which is a different concept. A market is a place or mechanism where buyers and sellers interact to exchange goods and services. Utility refers to the satisfaction or benefit derived from consuming a good or service, rather than the provision aspect. Understanding supply helps to analyze how changes in market conditions can affect the availability of goods and services.