Question

Explain the movement along the demand curve and shift in demand???
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Answer 1

Answer:

On the demand curve, a movement denotes a change in both price and quantity demanded from one point to another on the curve. Therefore, a movement along the demand curve will occur when the price of the good changes and the quantity demanded changes in accordance to the original demand relationship.

Answer 2

Answer:

A shift in demand means at the same price, consumers wish to buy more. A movement along the demand curve occurs following a change in price. On the demand curve, a movement denotes a change in both price and quantity demanded from one point to another on the curve. Therefore, a movement along the demand curve will occur when the Price of the Good Changes and the Quantity Demanded Changes in Accordance to the Original Demand Relationship.

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