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Leviafan [203]
2 years ago
6

The primary difference between a change in supply and a change in the quantity supplied is: Select an answer and submit. For key

board navigation, use the up/down arrow keys to select an answer. a both a change in quantity supplied and a change in supply are shifts in the supply curve, only in different directions. b both a change in quantity supplied and a change in supply are movements along the supply curve, only in different directions. c a change in supply is caused by a change in the price of the good itself, and a change in quantity supplied is caused by a change in a non-price determinant of supply. d a change in quantity supplied is caused by a change in the price of the good itself, and a change in supply is caused by a change in a non-price determinant of supply.
Business
1 answer:
kipiarov [429]2 years ago
3 0

Answer:

D

Explanation:

A change in quantity supplied is as a result of a change in the price of the good. This change in the price leads to a movement along the supply curve. If price increases, there is an upward movement up along the supply curve and if there is a decrease in price, there is a movement down the demand curve.

A change in supply is caused by other factors other than price. Some of these factors include :

  • A change in the number of suppliers
  • The cost in the price of raw materials needed in the production of the good.

A change in supply leads to a movement outward or inward

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Answer:When a country's GDP is high it means that the country is increasing the amount of production that is taking place in the economy and the citizens have a higher income and hence are spending more. However, increase in GDP does not necessarily increase the prosperity of each and every income class of the nation.

Explanation:

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2019: Ending inventory was overstated by $30,000 while depreciation expense was overstated by $24,000. 2020: Ending inventory wa
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Answer:

$25,000

Explanation:

The computation of the adjusted balance of retained earning is shown below:

Since the depreciation expense is overstated on 2019 which decreased the earnings so it would be added

Since the  depreciation expense is understated on 2020 which increased the earnings so it would be deducted

And, the ending inventory for 2020 is understated which decreased the earning so it would be added

Therefore, the adjusted balance is

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3 years ago
During regular economic times in Canada, the maximum length of time a worker can collect employment insurance is 26 weeks. Durin
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a) encourage people to search longer for a job.

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d) increase the number of workers looking for work.

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3 years ago
Jones Corp. reported current assets of $196,000 and current liabilities of $138,500 on its most recent balance sheet. The curren
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Answer:

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