Answer to Question #133265 in Macroeconomics for cyril sunday obule

Question

Explain briefly the times when a demand curve moves. When is there movement along the demand curve? Provide examples from your personal or professional life where you believe a demand curve shifted. Provide an example of when there was a movement along the curve.

Answer 1

Shift along the demand curve is price dependent, assuming other factors that change demand is held constant. Something other than price, such as income, population, consumer expectations, and consumer tastes will shift curve left or right. For example, many a rising population around an area will increase demand for regular household products. This case is not affected by price.