How Does a Change in Quantity Supplied Differ from a Change

question 194

Multiple Choice

How does a change in quantity supplied differ from a change in supply?

• A) A change in quantity supplied shifts the supply curve; a change in supply is a movement along the curve.
• B) A change in one of the ceteris paribus conditions affects quantity supplied, not supply.
• C) A change in the price affects quantity supplied, not supply.
• D) There is no difference.

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Definitions:

Demand Curve

A graphical representation of the relationship between the price of a good and the quantity demanded by consumers.

Personal Computers

Computing devices designed for individual use, as opposed to computers intended for shared or organizational usage.

Price Decrease

A reduction in the monetary value or cost of goods and services.

Demand

A relation between the price of a good and the quantity that consumers are willing and able to buy per period, other things constant.