Question 25 of 33
Q.Distinguish between expansion of supply and increase in supply.
Maharashtra MsbshseMaharashtra HSC (MSBSHSE) Board 2025Subjective· 2mImportance★★★★★
76% · 25/33 Questions
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Start your 14-day free trial to unlock the full solution →Expansion of supply = more supplied because the good's own price rose (a movement up along the same curve). Increase in supply = more supplied at the same price because of a change in other determinants (a rightward shift of the entire curve).
Distinction between Expansion of Supply and Increase in Supply
| Basis | Expansion of Supply | Increase in Supply |
|---|---|---|
| Cause | Rise in the commodity's own price, other factors constant | Favourable change in factors other than own price (lower cost, better technology, more producers), price unchanged |
| Effect on the curve | Upward movement along the same supply curve | Rightward shift of the whole supply curve |
| Price of the commodity | Price rises | Price remains the same |
| Nature | Change in quantity supplied | Change in supply |
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