Question: Ons/19593240 124 2 pts What is the difference between an increase in supply and an 46 Mievites. 41 5% increase in quantity supplied? There is
Ons/19593240 124 2 pts What is the difference between an "increase in supply" and an 46 Mievites. 41 5% "increase in quantity supplied"? There is no difference between the two terms; they both refer to a movement along a given supply curve. An "increase in supply" means the supply curve has shifted to the right while an "increase in quantity supplied" means at any given price supply has increased. There is no difference between the two terms; they both refer to a shift of the supply curve. An "increase in supply" means the supply curve has shifted to the right while an "increase in quantity supplied" refers to a movement along a given supply curve in response to an increase in price
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