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Different between change in quality supply …

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Different between change in quality supply and change in supply

Posted by Chirag Kashyap 6 years, 11 months ago

CBSE > Class 12 > Economics

1 answers

Cbse Student 6 years, 11 months ago

A change in supply is a change in the relationship between price and how much suppliers make, wheras a change in quantity supply is *any* change in the amount that gets bought and sold. So, for instance: If there is a disease that kills all the apple trees in new england, that makes it harder to grow apples, and the number of apples that would get grown at any given price changes. However, if apples just get more popular (more demand for apples), then the quantity supplied will change, but the "Supply" for apples, that is the relationship between price and quantity, won't change at all.

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