What is meant by a shift in demand and list the reasons
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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.
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A change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price
- REASON: The change could be triggered by a shift in income levels,consumer tastes,or a different price being charged for a related product.
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