Question: (a) Distinguish between a Change in Quantity Supplied and a Change in Supply. Use a written explanation and diagrams (b) Explain whether each of the
(a) Distinguish between a Change in Quantity Supplied and a Change in Supply. Use a written explanation and diagrams (b) Explain whether each of the following changes is a "change in quantity supplied" or a "change in supply." Explain your answer... (i) A seller decreases their output of a good as the cost of production increases (all else equal) (ii) A jewelry company wants to sell more gold as the price of gold increases (all else equal) (iii) Warm, wet weather in Chile contributes to increased output of blueberries (all else equal)
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