QUESTION 7 The primary difference between a change in supply and a change in the

Question

QUESTION 7 The primary difference between a change in supply and a change in the quantity supplied is that: O A. both a change in quantity supplied and a change in supply are movements along the supply curve, only in different directions OB. a change in supply is a movement along the supply curve, while a change in quantity supplied is a shift in the supply curve. the demand curve that elicit a change in supply. the supply curve. C. a change in supply is related to the supply curve, while a change in quantity supplied is related to shifts in D. a change in quantity supplied is a movement along the supply curve, while a change in supply is a shift in

Explanation / Answer

Answer
Option D
the change in supply is the shift in the supply curve, this happens because of change in a component of supply except for price change.
the change in a quantity of supply is happening because of the change in price only when other things are constant because supply curve is a relationship between price and the quantity supplied.

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.