A change in the ceteris paribus conditions for supply will lead to a
A) change in quantity supplied.
B) change in supply.
C) change in quantity supplied and a change in supply.
D) change in how consumers view the quality of the good.

Question

Quizplus · Accepted Answer

A change in ceteris paribus conditions for supply will shift the supply curve either to the left (decrease in supply) or to the right (increase in supply). This will lead to a change in the quantity supplied at a given price, but it is the supply curve itself that shifts, indicating a change in the overall level of supply. Therefore, the best answer is B - a change in supply. D is not relevant to this question as it refers to how consumers view the quality of the good, which is unrelated to supply.

A Change in the Ceteris Paribus Conditions for Supply Will