Want this question answered?
explain graphically the movement along the demand curve
There is two types of increase for supply. 1) Movement along the demand curve (upwards or downwards) which is subjected to the shifting of the demand curve 2) Shift of the supply curve. For the first case, the supply curve does not shift but there is increased production to meet the new market demand. Supply will increase as there is a upward movement along the supply curve, and until the new market equilibrium is achieved. For the second case, Supply shifts right and hence the upward movement along the demand curve.
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
An increase in demand is represented by a shift of the demand curve to the right; not a movement along the demand curve. An increase in the quantity demanded would be a movement down the demand curve.
explain graphically the movement along the demand curve
Geologists use a tiltmeter to monitor the upward movement along a fault.
There is two types of increase for supply. 1) Movement along the demand curve (upwards or downwards) which is subjected to the shifting of the demand curve 2) Shift of the supply curve. For the first case, the supply curve does not shift but there is increased production to meet the new market demand. Supply will increase as there is a upward movement along the supply curve, and until the new market equilibrium is achieved. For the second case, Supply shifts right and hence the upward movement along the demand curve.
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
An increase in demand is represented by a shift of the demand curve to the right; not a movement along the demand curve. An increase in the quantity demanded would be a movement down the demand curve.
A movement along the demand curve for toothpaste would be caused by an increase or decrease in the price of toothpaste. This change would then lead to a change in the quantity demand.
there would be an eventual upward movement along the demand curve, reestablishing equilibrium
there would be an eventual upward movement along the demand curve, reestablishing equilibrium
Change in market price will cause movement along the demand curve.
If the world tilts to the left...