With the of appropriate diagrams- write relevant points of distinction between movement along a demand curve and of the demand curve-

Question

Toppr Admin · Accepted Answer

Movements- along demand curve happens because of changes in quantity demanded- -Extension of demand and contraction of demand take place due to the -change in price of the commodity- Extension of demand caused by decrease- in own price of the commodity and contraction of demand caused by -increase in own price of the commodity-Shifts- in the demand curve happens due to changes in demand cased by change in- factors other than own price of the commodity- Increase in demand and -decrease in demand happen because of shifts in the demand curve-

With the help of appropriate diagrams, write relevant points of distinction between movement along a demand curve and shift of the demand curve.