Purchase Solution

Shift and Movement of demand/supply curves

Not what you're looking for?

Ask Custom Question

1. Which of the following items go together? and why?
A. Change in demand
B. Change in quantity demanded
C. Change in price
D. Movement along the demand curve
E. Shifting the demand curve
F. Change in income
--------------------------------------------------------------------------

2. Which of the following items go together? and why?
A. Change in quantity supplied
B. Change in production cost
c. Change in supply
D. Shifting the supply curve
E. Change in price
F. Movement along the supply curve

Purchase this Solution

Solution Summary

Solutions selects the item that go together based upon concepts of shifts and movement along the demand and supply curves.

Solution Preview

Solution:

1.Which of the following items go together? and why?
A. Change in demand
B. Change in quantity demanded
C. Change in price
D. Movement along the demand curve
E. Shifting the demand curve
F. Change in income

A movement along the demand curve is caused by change in price of good or service. Like a fall in price increases the quantity demanded while an increase in price decreases the quantity demanded. If we refer items indicated above, B (Change in quantity demanded), C(Change in price), ...

Solution provided by:
Education
  • BEng (Hons) , Birla Institute of Technology and Science, India
  • MSc (Hons) , Birla Institute of Technology and Science, India
Recent Feedback
  • "Thank you"
  • "Really great step by step solution"
  • "I had tried another service before Brain Mass and they pale in comparison. This was perfect."
  • "Thanks Again! This is totally a great service!"
  • "Thank you so much for your help!"
Purchase this Solution


Free BrainMass Quizzes
Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.