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- [Instructor] We're going to continue our discussion on the law of supply and in particular in this video we're gonna get a little bit deeper to make sure we understand the difference between a change in supply and I'm just using the Greek letter delta here for shorthand for change in supply versus a change in quantity supplied and just as a bit of review, we've talked about it in other videos, supply is referring to the entire supply curve and this curve right over here has the typical shape of a supply curve following the law of supply. At low prices, suppliers would provide low quantities and at higher prices, suppliers would provide higher quantities, so a change in supply would be a shift in this entire curve, so for example, if you were to go from this curve, let's call this S1 and we were to have a shift to the right, this right over here would be a change in supply, so we'd call this S2 and we would have this shift, you could view it as to the right or to the right and down,...
