What is the difference between movement along the demand and supply curve due to a change in price versus shifts in market demand versus market supply?
What is the difference between movement along the
A shift in the demand curve is defined when there is a change in demand; when the price of quantity remains the same.
but movement along the demand curve is defined when there is a change in the price of the good which leads to further change in quantity demanded.
A change in supply is a shift in the entire supply curve. and this shift in supply occurs when the prices being constant; there is a change in supply.
and a change in quantity supplied is defined as movement along the supply curve. which occurs when due to change in prices, there is a change in quantity supplied.
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