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.

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Definitions:

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The legal system of Canada, which is based on the British common law system, except for Quebec where civil law prevails.

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