Question

What is the difference between a change in supply and a change in quantity supplied?

Answer 1

A change in quantity supplied is a movement along the supply curve in response to a change in price. A change in supply is a shift of the entire supply curve in response to something besides price

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Answer 2

Answer:

change of supply is an economic term that describes when the suppliers of a given good or service alters production or output. A change in supply occurs as a result of new technologies, such as more efficient or less expensive production processes, or a change in the number of competitors in the market while change in quantity supplied is a change in the specific quantity of a good that sellers are willing and able to sell. This change in quantity supplied is caused by a change in the supply price