The Essential Difference Between a Change in Supply and a Change

question 163

Multiple Choice

The essential difference between a change in supply and a change in the quantity supplied is

• A) the first is caused by a change in input prices,while the second is caused by a change in the price.
• B) the first is a movement along the curve,while the second is a shift of the curve.
• C) the first is caused by a change in the price,while the second is caused by a change in input prices.
• D) nothing;both are caused by a change in the price.
• E) nothing;both are caused by a change in input prices.

---

Definitions:

Relative Deprivation

The perception that one is worse off compared to those with whom one compares oneself.

Research Articles

Scholarly papers published in academic journals that present original research findings or reviews in a specific field of study.

Research Study

A systematic investigation, including research development, testing, and evaluation, designed to develop or contribute to generalizable knowledge.

Adaptation-Level Phenomenon

A psychological principle suggesting that individuals judge new stimuli based on past experiences and their current level of adaptation.