The Primary Difference Between a Change in Supply and a Change

question 265

Multiple Choice

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

• A)a change in quantity supplied is a movement along the supply curve, while a change in supply is a shift in 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 supply is related to the supply curve, while a change in quantity supplied is related to shifts in the demand curve that elicit a change in supply.
• D)a change in supply is a movement along the supply curve, while a change in quantity supplied is a shift in the supply curve.

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Definitions:

Samuel Bowles

An American economist and a leading figure in understanding the relationship between education, inequality, and the workforce within a capitalist economy.

Herbert Gintis

An economist and interdisciplinary scholar recognized for his contributions to understanding the intersection of economics and sociology, particularly in regards to education, game theory, and human behavior.

Hidden Curriculum

The implicit, informal lessons, values, and viewpoints that students absorb during their time in school, even though they are not part of the formal curriculum.

Curriculum Presented

The content and material offered by an educational institution for learning and instruction in a specific course or program.