difference between increaase in supply and expansion in supply

Inrease in supply refers to an increase in qty. ss. of a commodity, due to a change in its determinants other than price.In increase in ss. the producer shifts from the original ss. curve to a new one rightwards.

Expansion of ss. refers to an increase in the qty. ss. of a commodity due to a change in its price. Here, the producer moves along the ss. curve upwards.

  • 0

Increase in supply means rise in the supply of the commodity caused due to any factor other than its own price.

Expansion in supply means rise in quantity supplied due to increase in price of commodity,keeping other factors constant.

  • 2

Increase in supply means rise in the supply of the commodity caused due to any factor other than its own price.

Expansion in supply means rise in quantity supplied due to increase in price of commodity,keeping other factors constant.

  • 0
What are you looking for?