State true or false: Change in demand is indicated by a movement along the demand curve
Explain it with reason
Answers
Answered by
6
Explanation:
A move along a demand curve represents a change in quantity demanded that is caused by a change in price. Any other change that affects demand that is NOT the price of the good shifts demand
Answered by
2
Answer:
Movement of the demand curve happens when all other factors affecting the quantity demanded, remain constant and only the price changes. Hence, the demand moves upward or downward along the same curve. Therefore, the correct answer is option A.
Explanation:
Broadly speaking, the factors can be categorized into two types:
Change in demand
Change in the quantity demanded
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