Shift of Supply Curve Homework Help

Distinction between Movement along Supply Curve and the Shift of the Supply Curve

a)      Movement Along Supply Curve

This is also known as the change in quantity supplied as the result of a change in the cost of the commodity, all other factors remain unchanged.

b)     Shift of the Supply Curve

This is also known as a change in the supply as a result of a change in the conditions of the supply while the price of the particular commodity remains unchanged.

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