The Primary Difference Between a Change in Supply and a Change

question 157

Multiple Choice

The primary difference between a change in supply and a change in the quantity supplied is:

• A) a change in quantity supplied is a shift in the supply curve, and a change in supply is a movement along the supply curve.
• B) both a change in quantity supplied and a change in supply are movements along the supply curve, only in different directions.
• C) a change in quantity supplied is a movement along the supply curve, and a change in supply is a shift of the supply curve.
• D) a change in supply is a movement to the left along the supply curve and a change in quantity supplied is a movement to the right along the supply curve.

---

Definitions:

Liable

Required to answer legally.

Misconduct

Inappropriate or unlawful behavior by a person in a professional or official capacity.

Agents

Individuals or entities authorized to act on behalf of others, often in business or legal matters.

Benefit Corporation

A type of for-profit corporation, available by statute in a number of states, that seeks to have a material positive impact on society and the environment.