Movement along the demand curve and a shift in demand
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Explain the difference between movement along the demand curve and a shift in demand. Give an example to help the class understand the difference between the two.
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This solution explains the difference between movement along the demand curve and a shift in demand.
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Let us assume that we have a demand curve, Q = 100 - P, where Q is the P is the price of that good, and Q is the quantity demand at that price level.
Movement along the demand curve means that the demand function does not change, and all you are doing is changing different parts of (Q,P) along ...
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