A change in the quantity supplied of a product occurs when the supply curve for the product shifts either to the right or to the left.

Question

Quizplus · Accepted Answer

A change in the quantity supplied refers to a movement along the supply curve due to a change in the product's price, while a shift in the supply curve to the right or left indicates a change in supply, caused by factors other than the product's price.

A Change in the Quantity Supplied of a Product Occurs