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.

Calculate and interpret frequency and percentage in various contexts.

Differentiate between types of graphs for data visualization (pie graph, bar chart, histogram, frequency polygon).

Understand the concept of levels of measurement (nominal, ordinal, interval, ratio).

Analyze frequency data within the context of real-life scenarios.

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Definitions:

Abductive Reasoning

A form of logical inference that starts with an observation then seeks to find the simplest and most likely explanation.

Deductive Reasoning

Reasoning from a general statement, premise, or principle, through logical steps, to figure out (deduce) specifics. Also called top-down reasoning.

Digital Natives

Individuals who have been exposed to digital technology from a young age, often considered fluent in the use of computers, the internet, and digital devices.

Low-SES

Stands for low socioeconomic status, indicating individuals or families with limited financial resources and access to opportunities.