9. Distinguish between increase in supply and increase in quantity supplied.
(4 Points)
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9. Distinguish between increase in supply and increase in quantity supplied.
(4 Points)
Enter your answer
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Answer:
There is no difference between the two items; 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.
Explanation:
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