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Question 21 of 33

Q.______ : Change in supply : : Other factors constant : Variation of supply

Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2024Subjective· 1mImportance★★★★★
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Completing the correlation: Change in other factors : Change in supply :: Other factors constant : Variation of supply. Answer: Change in other (non-price) factors.

Why: Two supply situations must be distinguished:

  • Variation (movement) of supply — caused by a change in the good's own price while all other factors stay constant; it is shown as a movement along the same supply curve (expansion/contraction). …

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