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Supply vs Quantity Supplied

What causes a...

Question

What causes an upward movement along a demand curve?

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Solution

When the price of a commodity rises, there will be an upward movement along a demand curve, other factors remaining unchanged.

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Q. Which of the following elasticity measures a movement along a demand curve rather than a shift in demand curve?

Which of the following are true or false?

a) Extension or Contraction of demand results in the movement along side the demand curve
b) Negative slope of demand curve and downward bend of demand curve are the same thing

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