What is the difference between a change in demand versus a change in quantity demanded? A change in supply versus a change in quantity supplied? Why is it so important to differentiate between these similar-sounding terms?

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Sixta KovacekLv2

8 Sep 2018

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Related questions

A change in price will lead to a change in __________ and to a change in __________, while a change in government subsidies will lead to a change in __________ and a change in the number of buyers will lead to a change in _________

a. quantity supplied; quantity demanded; demand; supply

b. quantity demanded; demand; quantity supplied; supply

c. demand; quantity supplied; supply; quantity demanded

d. quantity demanded; quantity supplied; supply; demand

e. quantity demanded; supply; quantity supplied; demand

yellowlocust358

Explain the difference between a change in demand and a change in quantity demanded. What factors cause each? Explain, also, the difference between a change in supply and a change in quantity supplied. What factors cause each?

6. The primary difference between a change in supply and a change in the quantity supplied is that: A) a change in quantity supplied is a movement along the supply curve, while a change in supply is a shift in the supply curve. B) both a change in quantity supplied and a change in supply are movements along the supply curve, only in different directions. C) a change in supply is related to the supply curve, while a change in quantity supplied is related to shifts in the demand curve that elicit a change in supply. D) a change in supply is a movement along the supply curve, while a change in quantity supplied is a shift in the supply curve.