whats the difference between the movement along demand curve and shift of demand curve? under what conditions are these things applicable respectively?
Dear Jayabhadra,
In response to the first part of your query, follow the below mentioned link to view the answer to your question.
https://www.meritnation.com/ask-answer/question/distinguish-between-shift-in-demand-curve-and-movement-in-de/economics/7527329
In response to the second part of your query, movement along the demand curve is applicable when there is change in the price of the commodity, other factors being constant. On the other hand, shift in the demand curve is applicable when there are changes in the factors other than the price of the commodity.
In response to the first part of your query, follow the below mentioned link to view the answer to your question.
https://www.meritnation.com/ask-answer/question/distinguish-between-shift-in-demand-curve-and-movement-in-de/economics/7527329
In response to the second part of your query, movement along the demand curve is applicable when there is change in the price of the commodity, other factors being constant. On the other hand, shift in the demand curve is applicable when there are changes in the factors other than the price of the commodity.