ECONOMICS
DEMAND
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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a change in price
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an increase in demand
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a decrease in demand
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a change in demand
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Detailed explanation-1: -The movement of the demand curve shows the change in quantity demand because of a change in its price, there is a movement of the quantity demanded along the same curve. Factors like the consumer’s income along with the prices of other goods, etc. remain constant and the only thing that changes is the price.
Detailed explanation-2: -The movement along a demand curve occurs due to a change in the price level of the goods. In contrast, a shift in the demand curve occurs when other variables such as consumer income, substitute goods price, and other changes.
Detailed explanation-3: -A movement along the demand curve occurs when there is a change in price. This may occur because of a change in demand conditions. The factors affecting demand are assumed to be held constant. A change in price leads to a movement along the demand curve and it referred to as a change in quantity demanded.