Change in quantity supplied means the expansion and contraction of supply of a commodity caused by changes in own price of the commodity. Movement along the same supply curve.
Change in supply refers to increase or decrease in supply of a commodity caused by changes in factors other than own price of the commodity. Supply curve shifts rightwards or leftwards.
marlinbito answered the question on May 12, 2018 at 12:52
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Define marginal cost. Explain its relation with average cost
(Solved)
Define marginal cost. Explain its relation with average cost
Date posted:
May 12, 2018
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Explain how changes in prices of inputs influence the supply of a product.
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Explain how changes in prices of inputs influence the supply of a product.
Date posted:
May 12, 2018
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Date posted:
May 12, 2018
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Due to the increase in population the demand for agricultural land has” increased”. But the supply of agricultural land is fixed. Explain two methods...
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Due to the increase in population the demand for agricultural land has "increased". But the supply of agricultural land is fixed. Explain two methods by which the demand for land can be “decreased”
Date posted:
May 12, 2018
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Explain the implications of the feature ‘barriers to entry’ under monopoly
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May 12, 2018
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Explain the implications of the feature’ homogeneous products in a perfectly competitive market.
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Explain the implications of the feature’ homogeneous products in a perfectly competitive market.
Date posted:
May 12, 2018
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Distinguish between explicit costs and implicit costs and give examples.
Date posted:
May 12, 2018
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Date posted:
May 12, 2018
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Use real time illustrations to discuss how various demographic dispositions impact on economic performance of a least developed country.
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Use real time illustrations to discuss how various demographic dispositions impact on economic performance of a least developed country.
Date posted:
May 12, 2018
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Date posted:
May 12, 2018
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Discuss FIVE causes of poverty in Less developing countries.
Date posted:
May 12, 2018
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Describe the Neo-Marxist theory of economic development
Date posted:
May 12, 2018
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Collective bargaining offers many advantages to employers, workers and society at large. Explain the importance of collective bargaining.
(Solved)
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Date posted:
May 11, 2018
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Discuss FIVE roles of industrial sector in economic development of a nation.
Date posted:
May 11, 2018
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Briefly explain SIX characteristics of money.
Date posted:
May 11, 2018
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Explain the different preferences for risks by individual farmer.
Date posted:
May 11, 2018
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Briefly define the term ' trade union' and explain why do workers join a trade union?
Date posted:
May 10, 2018
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Explain FOUR factors affecting the size of a National Income.
Date posted:
May 10, 2018
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Explain five factors which determine the productivity of labour.
Date posted:
May 9, 2018
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(Solved)
Briefly describe four theories used to determine wages of labourers.
Date posted:
May 9, 2018
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