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Difference between change in supply and …

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Difference between change in supply and change in quantity supplied

Posted by Deepchand Solanki 6 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 6 years, 9 months ago

Change in-Quantity SuppIied	Change in supply
When the quantity supplied changes due to change in price, keeping other factors constant, it leads to a movement along the supply curve,	when the supply changes due to any change in the other factors, at the same price, it leads to a shift in supply curve.
The movement is along the same suppiy curve either upward .(known as contraction in supply).	The shift in the supply curve is either rightward (known as increase in supply) or leftward (known as decrease in supply).
Tt occurs due to change (increase or decrease) in the price of the given commodity.	It occurs due to a change in other factors like change in the price of inputs, change in taxes, change in technology etc.

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