A change in quantity supplied is reflected by a movement along the same supply curve while a change in supply refers to a shift in the entire supply curve.

Question

Quizplus · Accepted Answer

A change in quantity supplied means a movement along a fixed supply curve, while a change in supply refers to a shift in the entire supply curve, often brought about by a change in one or more of the underlying determinants of supply (e.g. production costs, technology, number of suppliers, etc.).

A Change in Quantity Supplied Is Reflected by a Movement