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Shift and Movement of demand/supply curves

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
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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

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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 Summary

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

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