--%>
Assignment Help - homework help

Difference among change in supply-change in quantity supply

The difference between change in supply and change in quantity supplied is as follows: (1) The change in quantity supplied is caused just by the change in the price of good, whereas a change in supply takes place whenever the ceteris paribus supposition is violated. (2) The change in quantity supplied is the movement all along a given supply curve, whereas the change in supply is a shift of whole curve. (3) The quantity supplied is recognized by the price, whereas supply reflects the combination of price and quantities. (4) All of above.

What is the right answer?

   Related Questions in Microeconomics

  • Q : Profits of monopoly firm A monopoly

    A monopoly firm's profits: (w) equal only normal profits in long-run equilibrium. (x) may be whatever level the firm wishes. (y) are maximized where MC = MR. (z) tend to be lower than that of pure competitors. Hell

    		•
  • Q : Present Value and Capitalization The

    The market value of an asset or potential investment project is most specific to rise when typical investors expect: (w) after-tax rates of return by investing to exceed the interest rate applicable for assets or investments along wit

    		•
  • Q : Principles of Macroeconomics Questions

    (a) Explain the relationship between full employment of resources and full production. (b) Look at the following production possibilities curve illustrating the possibilities in Sluggerville for producing bats and/or p

    		•
  • Q : Persistent range of output by economies

    When economies of scale are persistent across the range of output which people might feasibly purchase, in that case: (w) pure competition is the most efficient market structure. (x) competition will prevent monopolization of the industry. (y) competi

    		•
  • Q : Supply of labor in a perfectly

    Supply of the labor in a perfectly competitive market is: (i) An upward sloping curve. (ii) The horizontal line. (iii) Above the MRC. (iv) Beneath the MRC. Choose the right answer from the above options.

    		•
  • Q : Example of price elasticity of demand

    When gasoline prices rise $.10 per gallon, Ima Driver decreases her gasoline consumption through 5 gallons monthly. Her price elasticity of demand for gasoline is about: (w) 2. (x) 1/2. (y) dependent upon the units used to express changes within price

    		•
  • Q : Measures of Poverty Line The poverty

    The poverty line is: (1) about $15000/year for a family of two in 2006. (2) an index which varies depending on family characteristics. (3) dependent only on the size and income of a family. (4) about $12500/year for a family of four in 2006. (5) the p

    		•
  • Q : Circular flow of Income Elucidate the

    Elucidate the circular flow of Income in two sector model. Answer: There are just two sectors namely: Firms and households. Households give factor services to the fi

    		•
  • Q : Monopoly and competition theory The

    The theorist who set the stage for much of the “new” theory of international trade through blending theories of monopoly and competition to suit the case of several sellers offering differentiated products was: (1) Leon Walras. (2) Vilfred

    		•
  • Q : Another name of micro economics What is

    What is another name of micro economics? Answer: Price theory

    		•