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:

Generalized Beliefs

Beliefs that are broad, without specific details, and apply to many different situations.

People's Explanations

The reasons or justifications individuals give to make sense of their behaviors or occurrences in their environment, often studied in the context of attribution theory.

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The shared beliefs, values, norms, behaviors, and material objects that constitute a people’s way of life.

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