Extension in supply is the extension of the vendor contract for a longer duration while increase is the increase within the stipulated time.
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In AS/A2 examination economic theory, an increase in demand would normally refer to an increase in the quantity demanded at every price level (i.e. a shift in the "curve"). An extension of demand is an increase in the quantity demanded because the price has changed (usually because supply has shifted) - ie a movement along the demand curve. Sad but true!
The difference between individual supply curve and the market supply curve is tat individual supply curve is like a firm. To be able to get the market supply curve you have to have the individual supply curve.
supply function can be defined as the quantity of a good.
it is so because, there exists a positive relation between price and supply, i.e wen price increase then supply olso tends to increase the same. . .
Increase Supply means to have more of a specific supply on hand.
The relationship between these things is that supply and demand work together to determine the price of a good or service.
Availablity versus demand
we have textbooks
One says individual and the other says market!
the major difference between the two is mercantalism is based around the government and capitalism around the individual. Mercantalism depends on a trading market of exporting more than importing to increase the gold and silver of a country. Capitalism has supply and demand.
An increase in the supply is not represented by a movement up the supply cuve. A movement up supply curve is due to the increase in quantity supplied instead of the increase in supply. Alternatively, it can also be due to increase in the price of the goods that could lead to movement up the supply curve.
The Main difference between a Switched Mode Power Supply and an Uninteruptable Power Supply is the function. SMPS are like a conditioner of electricity supply for a building, house, etc. UPS are the emergency backup power supply for vital computer based systems
One difference between air conditioning and refrigeration is the circulation systems. The point of supply for the gases they use is another difference.
Supply is the quantities of commodities in a producer willing and able to offer for sale for a particular period of time while supply curve is the use of graphical method to show the relationship between the price and the quantity supply.
Three examples that cause supply to increase are overproduction, inflation and lack of demand. Lack of demand for supply can create the supply to increase eventually.
Supply is the amount produced and demand is the amount that is wanted.
interpret what an increase in demand and an increase in supply mean.
demand in supply is the basis of it's increase and decrease
get more supply
No because real money supply would only increase if the price level doesnt increase or increases at a slower pace than the increase in nominal money supply. This is because the real money supply takes into account the current price level.
The main difference between chillers and cooling towers is that a cooling tower uses pumps to circulate a water supply. On the other hand, a chiller uses a fan to circulate the water supply.