Statement I: a Change in Supply and a Change in Quantity

question 12

Multiple Choice

Statement I: A change in supply and a change in quantity supplied are two ways of saying exactly the same thing.
Statement II: A change in income or changes in tastes and preferences for a good will cause a shift in the supply curve.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.