ECONOMICS
DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Shift of the entire demand curve to the left
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Shift of the entire demand curve to the right
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From one point to another point along the same demand curve
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From X to Y axis on the same supply curve
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Detailed explanation-1: -A change in quantity demanded is represented as a movement along a demand curve. The proportion that quantity demanded changes relative to a change in price is known as the elasticity of demand and is related to the slope of the demand curve.
Detailed explanation-2: -So a “change in quantity demanded” is shown on the graph as a movement from one point on a demand curve to another point on the same demand curve.
Detailed explanation-3: -The demand curve will move downward from the left to the right, which expresses the law of demand-as the price of a given commodity increases, the quantity demanded decreases, all else being equal. Note that this formulation implies that price is the independent variable, and quantity the dependent variable.
Detailed explanation-4: -Quantity demanded is represented by one point on the demand curve, whereas demand is represented by the entire demand curve. Market demand reflects the demand of an individual consumer. A demand curve displays quantity demanded on the horizontal axis.
Detailed explanation-5: -An increase in the quantity demanded is a downward movement along the demand curve; it increases because of the decrease in price. The increase in price decreases quantity and vice versa when other things are constant. It is shown by the curve. It means an increase in quantity demanded is movement along the curve.