a change in supply is the shift in supply curve due to change in price of other commodities and other factors like taste,weather,income e.t.c while a change in quantity supply is the change in price of the commodity itself that affect the quantity supply,here the supply curve remain constant but there will be a movement along the supply curve.
Volume is a change in how many products you sell Price is a change in how much you charge for the product
When the price of one or more inputs rise, producing the good is less profitable, and firms supply less of it. If input prices rise substantially, a firm might shut down and supply no good at all. Thus, the supply of a good is negatively related to the price of the inputs used to make the good.(mankiw, Principles of Economics 4th Ed, page 74)
The difference between the beginning and the ending cash balance on balance sheet.
If the degree of operating leverage is 4 then one percent change in quantity sold should result in four percent change in the net operating income. The calculation for degree of operating leverage are total contribution margin divided by net operating income.
Marginal cost = derivative of (Total cost/Quantity) Where Total cost = fixed cost + variable cost Marginal cost = derivative (Variable cost/Quantity) (by definition, fixed costs do not vary with quantity produced) Average cost = Total cost/Quantity The rate of change of average cost is equivalent to its derivative. Thus, AC' = derivative(Total cost/Quantity) => derivative (Variable cost/Quantity) = MC. So, when MC is increasing, AC' is increasing. That is, when marginal cost increases, the rate of change of average cost must increase, so average cost is always increasing when marginal cost is increasing.
There is no different in changes in supplies and changes in quantity supplied as both are different interchangable name of same item.
A change in supply means that the supply curve has shifted. With a stable demand, this will result in a change in the quantity supplied but also a change in price. A change in only quantity supplied without a change in supply would require a horizontal supply curve. Alternatively a change in quantity supplied and price may occur if there is a shift of the demand curve.
a change in quantity supplied is the result of
It is Price Elasticity of Supply. It is defined as the ratio of a percentage change in quantity supplied to the percentage change in price (which brought about the change in quantity supplied).
It is Price Elasticity of Supply. It is defined as the ratio of a percentage change in quantity supplied to the percentage change in price (which brought about the change in quantity supplied).
It is Price Elasticity of Supply. It is defined as the ratio of a percentage change in quantity supplied to the percentage change in price (which brought about the change in quantity supplied).
no
It will be very sensitive to price change. A change in the price will change the quantity supplied by a factor greater than 1. ps: Price elasticity of supply= (% change in quantity supplied)/(% change in price)
This is called equilibrium.
why is the slope of supply an unsatifactory measure of the responsiveness in quantity supplied of a commodity to a change in its price
It is Price Elasticity of Supply. It is defined as the ratio of a percentage change in quantity supplied to the percentage change in price (which brought about the change in quantity supplied).
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve