Economy, asked by kaiqigames8288, 1 year ago

what is the differece between movement along a demand curve and shift in demand curve

Answers

Answered by brainlystargirl
2
Heya....

** Movement along a demand curve....

--->>> It creates change in quantity demanded for a commodity ....

--->>> It creates extension or contraction of demand curve.....

--->>> It occurs due to change in only own prices of the commodity and other demand determinants remains constant....

** Shift along a demand curve.....

--->>> It creates change in total demand of the commodity....

--->>> It creates rightwards or leftward shift in demand curve....

--->>> It occurs due to change in other determinants of demand rather than one commodity prices...
Answered by Anonymous
3
Hello mate ^_^

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Answer:
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=> Movement from A to B is called Contraction in demand as Price rises from P0 to P1
Quantity demanded decreases from Q0 to Q1 (other determinants of Demand remain
constant)

=> Movement from A to C is called Extension in Demand as price falls from P0 to P2. Quantity
demanded rises from Q0 to Q2.

=> Shift of DC from DD’ to D1D1’ is called increase in Demand as Demand increases from Q0
to Q2, and Price remains constant at OP0.

=> Shift of Demand curve from DD’ to D2D2’ is called Decrease in Demand as Demand
decrease from Q0 to Q1.

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