ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A change in quantity supplied is the change in the amount offered for sale in response to a change in price. This means that producers will offer more when the price is high and less when the price is low.

Detailed explanation-2: -A change in quantity supplied is a movement along the supply curve in response to a change in price. A change in supply is a shift of the entire supply curve in response to something besides price.

Detailed explanation-3: -A change in price causes a movement along the supply curve; such a movement is called a change in quantity supplied. As is the case with a change in quantity demanded, a change in quantity supplied does not shift the supply curve. By definition, it is a movement along the supply curve.

Detailed explanation-4: -A change in the price of a good or service causes a movement along a specific demand curve, and it typically leads to some change in the quantity demanded, but it does not shift the demand curve.