ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A change in quantity supplied is a movement along the supply curve in response to a change in price.

Detailed explanation-2: -Movement along the Supply Curve When the price of a commodity changes, other factors kept constant, the quantity supplied of a commodity changes suitably. This is because of the direct relationship between the two. This is known as a change in quantity supplied. Graphically it causes movement along the supply curve.

Detailed explanation-3: -On the other hand, When, the price of the commodity remains constant but there is a change in quantity demanded due to some other factors, causing the curve to shift in a particular side, it is known as shift in demand curve.

Detailed explanation-4: -On most supply curves, as the price of a good increases, the quantity of goods supplied also increases. Supply curves can often show if a commodity will experience a price increase or decrease based on demand, and vice versa.

Detailed explanation-5: -Shifts of the supply curve occur when quantities of a product or service supplied change at every given price in response to other economic factors. If the quantity of the product/service supplied at each price level increases due to economic factors other than price, the respective supply curve would shift rightward.