Change in supply refers to a shift in the position of the supply curve caused by a change in something other than the commodity’s own price.a.Trueb.False

Step 1: Identify the Statement

The statement says: "Change in supply refers to a shift in the position of the supply curve caused by a change in something other than the commodity’s own price."

Step 2: Analyze the Terms

• Change in Supply: This typically indicates factors other than price that affect the overall supply of a product in the market.
• Supply Curve: It represents the relationship between the price of a good and the quantity supplied.

Step 3: Determine Correctness

A change in supply indeed refers to a shift in the supply curve, which can be caused by factors such as changes in production costs, technology, taxes, subsidies, and number of suppliers.

Final Answer

a. True - The statement is correct as a change in supply does refer to a shift in the supply curve due to factors other than the commodity’s own price.