Economy, asked by dogravivek1721, 9 months ago

difference between movement along demand curve and shift in demand curve​

Answers

Answered by rachitdynamite
4

Answer:

In economics, demand is defined as the quantity of a product or service, that a consumer is ready to buy at various prices, over a period. Demand Curve is a graph, indicating the quantity demanded by the consumer at different prices. The movement in demand curve occurs due to the change in the price of the commodity whereas the shift in demand curve is because of the change in one or more factors other than the price.

The demand curve is downward sloping from left to right, depicting an inverse relationship between the price of the product and quantity demanded.

Most of the economics student, find it difficult to understand the difference between movement and shift in the demand curve, so take a look at the article, and resolve all your confusions right away.

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