What are the Movements Along The Demand Curve And Shifts In The Demand Curve?
The amount of a commodity that a customer picks relies upon the cost of the commodity, the cost of other commodities, earnings of the customer and his or her tastes and proclivities. The demand function is an association between the amount of the commodity and its cost when other things remain constant. The demand curve is a graphical depiction of the demand function. At higher cost prices, the demand is comparatively low, and at lower prices, the demand is comparatively high. Thus, any change in the cost price leads to movements along the demand curve. On the other hand, changes in any of the other things pave the path to a shift in the demand curve.
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