What Is the Difference Between an "Increase in Supply" and an "Increase

question 51

Multiple Choice

What is the difference between an "increase in supply" and an "increase in quantity supplied"?

• A)There is no difference between the two terms; they both refer to a shift of the supply curve.
• B)There is no difference between the two terms; they both refer to a movement along a given supply curve.
• C)An "increase in supply" means the supply curve has shifted to the right while an "increase in quantity supplied" means at any given price supply has increased.
• D)An "increase in supply" means the supply curve has shifted to the right while an "increase in quantity supplied" refers to a movement along a given supply curve in response to an increase in price.

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Definitions:

Near Mainland

The geographical area or environment located close to a large mass of land or continent.

Further Away

A relative term used to describe a greater distance from a reference point.

Performance Problems

Issues that hinder the efficiency and effectiveness of an individual's or organization's work output.

Corrective Action

A measure taken to rectify a detected problem or prevent it from occurring.