Change in the quantity supplied is caused by a change in:

Question

Quizplus · Accepted Answer

The quantity supplied of a good or service is directly influenced by its price. When the price of a good increases, suppliers are generally willing and able to supply more of it. Conversely, when the price decreases, suppliers may reduce their quantity supplied in response to lower profit margins. Changes in income, weather, and energy costs can indirectly affect quantity supplied (for example, if a supplier's production costs increase due to higher energy prices), but they are not the direct cause of changes in quantity supplied.

Change in the Quantity Supplied Is Caused by a Change