00:01
So i took a screenshot from the test to illustrate the differences between supply and the quantity supplied.
00:09
Supply is a relation between range of presses and quantity supply at those presses.
00:18
And in terms of milk, supply of milk is a relation between the different presses, see press 1, press 2 and press 3 of the milk, and the quantity supply.
00:30
At those presses see quantity 1 corresponding to press 1, quantity 2, corresponds to quantities 2, and so on so forth.
00:42
And quantity supply refers, so supply is a relation, so keep this in mind.
00:48
And the quantity supply refers to the only certain points, see q1, q2, and q3 on the supply curve, or one, quantity on a supply schedule.
01:03
So quantity supplied of the product, the milk refers to a certain point on the supply curve of the milk.
01:12
So they are not the same.
01:14
So the key points or the key takeaway is supply is a relation...