rubber
explain graphically the movement along the demand curve
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
rubber
explain graphically the movement along the demand curve
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
A change in consumer's tastes leads to a shift in the demand curve. A change in price leads to a movement along the demand curve.
Distinguish between the movement along the demand curve and shift in demand curve with the assistance of suitable graphs and explanations?
utility is not constant along the demand curve
elastic
Amazonians.
A movement along the demand curve for toothpaste would be caused by an increase or decrease in the price of toothpaste. This change would then lead to a change in the quantity demand.
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve
A movement along the demand curve is only caused by a change in price of that specific good, a demand curve is the quantity demanded for a good at each price. If the demand curve shifts, this means that something besides price is affecting the demand, so that at each price more or less is demanded.