Theory of consumer behaviour — Economics STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour3 Marks
Question
What is the main difference between movement along a demand curve and shift in the demand curve?
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Answer
A movement along a demand curve occurs when the quantity demanded changes in response to a change in the commodity's own price whereas a shift in demand curve occurs when the demand changes due to change in factors other than the commodity's own price.
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