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explain graphically the movement along the demand curve
Movement along the Supply Curve is an indication of a change in Quantity Supplied.
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
If the world tilts to the left...
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.
explain graphically the movement along the demand curve
Movement along the Supply Curve is an indication of a change in Quantity Supplied.
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
If the world tilts to the left...
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.
Change in market price will cause movement along the demand curve.
just lead to a shift in the supply 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.
Movement along a production possibilities curve would imply that society has chosen a different set/amount of input for the two products/services represented in the graph.
there are few things that can affect a movement among the supply curve; for instances prices, low rate of income or inferior goods.