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31. On a Demand Curve, Movement Along the Curve, as Opposed I to a Shift of the Entire Curve, Is a Result of __

Problemas

31. On a demand curve, movement along the curve, as opposed I to a shift of the entire curve, is a result of __

Roztwór

Ricardo veterano · Tutor durante 12 años
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Respuesta

A change in the price of the good or service.

Explicación

## Step 1The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded. It is a downward sloping line, indicating that as the price decreases, the quantity demanded increases.## Step 2Movement along the demand curve is caused by a change in the price of the good or service. This is because the demand curve is a graphical representation of the law of demand, which states that as the price of a good or service increases, the quantity demanded decreases, and vice versa.## Step 3On the other hand, a shift of the entire demand curve is caused by factors other than the price of the good or service. These factors could include changes in consumer income, changes in the prices of related goods, changes in consumer preferences, or changes in the number of consumers.