This Independence day, we get our fashion gurus to elucidate on how khadi-a metaphor of patriotism, continues to be the glam garb.his Independence day, we get our fashion gurus to elucidate on how khadi-a metaphor of patriotism, continues to be the glam garb.
â¢ Demand refers to the quantity of a commodity that people are willing to buy at a given price. â¢ Supply refers to the quantity that manufacturers are willing to produce at a given price. â¢ The price of a commodity is a result of pulls and pushes exerted by demand and supply in an economy. Related posts: 1  Difference Between Macroeconomics and Microeconomics.
An Increase in the Quantity Supplied. The Quantity Supplied is an amount at a given price while Supply is the entire relationship between the various Quantities Supplied at a variety of prices. When the price increases from P1 to P2, the quantity supplied increases from Q1 to Q2. Changing the price leads to changes in the quantity supplied. Paying extra for overtime is a way to increase the quantity supplied. Supply is the relationship between Prices and Quantities Supplied.