What is the difference between the downward sloping of the demand curve and the shifting of the demand curve?
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The demand curve is downward sloping, indicating the negative relationship between the price of a product and the quantity demanded. For normal goods, a change in price will be reflected as a move along the demand curve while a non-price change will result in a shift of the demand curve.
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Explanation:
The demand curve is downward sloping.Indicating the negative relationship between the price of a product and the quantity demanded.For normal goods,a change in price will be reflected as a move along the demand curve while a non price change will result in a shift of the demand curve.
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