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:

Marketing Factors

Variables that influence consumers' purchasing decisions and affect marketing strategies of companies.

Marketing

The business process of identifying, anticipating, and satisfying customers' needs through the creation and exchange of value.

Gray Market

Pertains to the trade of goods through distribution channels that are legal but unintended by the original manufacturer.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.