Which of the following is a difference between a change in quantity supplied and a change in supply?
A) A change in quantity supplied is caused by a change in a good's own, current price, while a change in supply is caused by a change in some other variable, such as input prices, prices of related goods, expectations, or taxes.
B) A change in quantity supplied is caused by a change in a good's own, current price, while a change in supply is caused by a change in some other variable, such as input prices, prices of related goods, expectations, or taxes
C) A change in quantity supplied is a change in the amount people want to sell, while a change in supply is a change in the amount they actually sell.
D) A change in supply and a change in the quantity supplied are the same thing.
E) A change in quantity supplied is illustrated by a shift in the supply curve, while a change in supply is illustrated by a movement along the given supply curve.
Correct Answer:
Verified
Q38: Table 3-1 shows the demand schedules for
Q39: Table 3-1 shows the demand schedules for
Q40: Which of the following would cause the
Q41: Figure 3-2 shows the shifts in the
Q42: Figure 3-2 shows the shifts in the
Q44: Figure 3-3 shows shifts in the supply
Q45: A supply curve illustrates a(n) _ relationship
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Q47: Along the supply curve of a good,
Q48: A decrease in the number of sellers
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