CBSE Class 11-commerce Answered
what is meant by change in supply and change in quantity supplied?
Asked by neetumathur1976 | 21 Jul, 2020, 14:11: PM
Expert Answer
Change in supply: When the supply of a commodity changes due to any factor (taxation policy, technology etc) other than price, then such a change is known as change in supply. This results in shift in the supply curve.
Change in Quantity supplied: When the supply of a commodity changes due to change in its price keeping other factors onstant, then such a change is known as Change in Quantity supplied. This results in movement along the supply curve.
Answered by Christina | 21 Jul, 2020, 14:28: PM
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