Exercises · Q10
Q.Distinguish between a change in quantity supplied and a change in supply.
Gujarat GsebTextbookSubjectiveImportance★★★★★est
38% · 5/13 Questions
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →| Basis | Change in Quantity Supplied | Change in Supply |
|---|---|---|
| Cause | A change in the commodity's OWN PRICE only | A change in any determinant OTHER than own price (cost, technology, related-goods' prices, government policy, number of sellers, expectations) |
| Effect on the curve | Movement along the SAME supply curve (expansion or contraction) | The ENTIRE supply curve shifts (rightward = increase; leftward = decrease) |
| Other determinants | Held constant | At least one changes |
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.