Explain the distinction between ‘’change in quantity supplied” and “change in supply”

      

Explain the distinction between ‘’change in quantity supplied” and “change in supply”

  

Answers


marlyne
Change in quantity supplied means the expansion and contraction of supply of a commodity caused by changes in own price of the commodity. Movement along the same supply curve.
Change in supply refers to increase or decrease in supply of a commodity caused by changes in factors other than own price of the commodity. Supply curve shifts rightwards or leftwards.
marlinbito answered the question on May 12, 2018 at 12:52


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