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changes in supply vs variation in supply?

Asked by Dattaraj Chari(student), on 29/7/13

Answers

EXPERT ANSWER
Variation or change in quantity supplied
When the supply of a commodity changes due to a change in price (other factors remaining same), then it is refrred as a change in quantity supplied. Graphically, it is represented by a movement along the supply curve.  
Change in supply
When the supply of a commodity changes due to factors other price, it is referred as a chnage in supply. Graphically, it is represented by a shift of the supply curve. 
Posted by Arun Rawat(MeritNation Expert), on 24/12/13

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