Question

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ECONOMICS QUESTION

What is the difference between quantity supplied and supply?

Answer 1

Quantity supplied refers the amound of goods supplied at a certain price, so it is an actual number. Supply just refers to the overall curve of the different quantities provided at each possible price. Hope this helps :)

Answer 2

Difference between quantity supplied and supply:

Quantity supplied:

Quantity supplied, an actual number which denotes the amount of goods that is distributed all over the market place for specific price.

For example: The quantity supplied is 400 mangoes a week when the price of a mango is 20 cents.

Supply:

Supply depicts the entire curve, that shows the line or equation on graph denoting all the possible prices for different quantities. Supply curve propagates upwards.

Generally it can be stated that a supply curve can be named as a graphical representation of supply schedule.