Question

movement along the demandcurve of a good happens due to​

Answer 1

Answer:

Movement along the demand curve of a good happens due to change in price.

Explanation:

The following factors affect the demand of a commodity:

1. Price of Commodity
2. Price of Related Goods (Subtitute/Complimentary Goods)
3. Income of Consumer
4. Taste and Preferences
5. Expectation of Chnage in Price in Future
6. Size and Composition of Population
7. Season and weather
8. Distribution of income

If the quantity demanded of a commodity changes due to price of commodity, it causes movement along demand curve.

A demand curve graphicaly shows the relationship between price of a commodity and its demand. If demand changes due to change in price, there is either expansion in demand or contraction in demand.

Movement along demand curve is of two types:

1. Expansion in Demand, ie rise in quantity demanded due to fall in price of own commodity, which leads to downward movement along the same demand curve.
2. Contraction in Demand, ie fall in quanity demanded due to rise in price of own commodity, which leads to upward movement along the same demand curve.

Refer to the attachment for the diagram.