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What is the difference between Supply and Quantity Supplied
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What is the difference between Supply and Quantity Supplied
Difference between Supply and Quantity Supplied
1.“Supply” is a general and fundamental aspect in the study of economics while “quantity supplied” is only a component of the supply. “Supply” is one of the terms used to illustrate the entire relationship between the price and the quantity. In contrast, “quantity supplied” is a specific term for a specific amount of quantity and a specific market price.

2. The supply is the whole relationship of the quantity and price while the quantity supplied and its matching price is only a part of the supply relationship. “Supply” includes all the possible market prices and the amount of quantity while “quantity supplied” only deals with one specific market price and amount of quantity.

3. The counterpart of “supply” is “demand” while the corresponding term for “quantity supplied” is “quantity demand.”

4. A change or shift in the supply curve affects all components while changes in the quantity supplied have a minimal effect.

5. A quantity supplied (with its corresponding price) is a component of a supply curve. A number or collection of the quantity supplied can construct a supply curve.

6. A change in the supply is characterized as a “shift,” while a change in the quantity supplied is marked by an upward line or movement from the previous quantity supplied with its matching price to another quantity supplied and its corresponding price.
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What is the difference between Supply and Quantity Supplied
A word supply means to produce a goods and services
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What is the difference between Supply and Quantity Supplied
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What is the difference between Supply and Quantity Supplied for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about What is the difference between Supply and Quantity Supplied covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the difference between Supply and Quantity Supplied.
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