Distinguish between change in supply and change in quantity supplied o – InterviewSolution

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1.	Distinguish between change in supply and change in quantity supplied of a commodity.
Answer» CHANGE IN QUANTITY SUPPLIED...--- Meaning...It is the change in supply due to change in own price of the commodity....-- assumptions..It occur due to constant of other factors of supply and only increase or decrease in own price of the commodity..-- effect...It creates upward or downward movement along a supply curve...** CHANGE IN SUPPLY....-- Meaning ....It is the change in total supply due to change in all the other factors of supply...-- assumptions..It occurs due to change in all determinants of supply except own price....-- effect...It creates leftward or rightwards shift in supply curve...--

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