What Is the Difference Between a Change in Quantity Supplied

question 33

Multiple Choice

What is the difference between a change in quantity supplied and a change in supply?

• A) A change in supply and a change in the quantity supplied are the same thing.
• B) A change in quantity supplied is a change in the amount people want to sell, while a change in supply is a change in the amount they actually sell.
• C) A change in quantity supplied is caused by a change in a good's own price, while a change in supply is caused by a change in some other variable, such as input prices, prices of related goods, expectations, or taxes.
• D) A change in supply is caused by a change in a good's own price, while a change in the quantity supplied is caused by a change in some other variable, such as input prices, prices of related goods, expectations, or taxes.

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Definitions:

Disability

A condition, either mental or physical, that restricts an individual's ability to move, sense, or engage in various activities.

Life Course

A sociological concept that refers to the sequence of socially defined events and roles that an individual enacts over time.

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The dominant set of norms, behaviors, beliefs, and values practiced and shared by the majority of people in the United States.

Death

The termination of all vital processes that support a living being, signifying the conclusion of its existence.