Differnce b/w change in suppy and …

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Differnce b/w change in suppy and change in quantity supplied (6 points)

Posted by Vishal Rana 7 years ago

CBSE > Class 11 > Economics

2 answers

Suhani Sharma 7 years ago

The counterpart of “supply” is “demand” while the corresponding term for “quantity supplied” is “quantity demand.” 4.A change or shift in the supply curve affects all components while changes in the quantity supplied have a minimal effect. 5.A quantity supplied (with its corresponding price) is a component of a supply curve. A number or collection of the quantity supplied can construct a supply curve. 6.A change in the supply is characterized as a “shift,” while a change in the quantity supplied is marked by an upward line or movement from the previous quantity supplied with its matching price to another quantity supplied and its corresponding price.

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Suhani Sharma 7 years ago

.“Supply” is a general and fundamental aspect in the study of economics while “quantity supplied” is only a component of the supply. “Supply” is one of the terms used to illustrate the entire relationship between the price and the quantity. In contrast, “quantity supplied” is a specific term for a specific amount of quantity and a specific market price. 2.The supply is the whole relationship of the quantity and price while the quantity supplied and its matching price is only a part of the supply relationship. “Supply” includes all the possible market prices and the amount of quantity while “quantity supplied” only deals with one specific market price and amount of quantity.

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