Demand Curve: The concepts of movement along the demand curve and shift in the demand curve are studied in microeconomics, particularly in market analysis. These two concepts are very important to understanding the changes in consumer behaviour when market conditions are changing.
This demand is the amount of a product or service that a customer will buy at given prices over time. A shift in the curve occurs when consumers are willing to buy more at a given price point. On the other hand, a change in price leads to movement along the demand curve.Also Read- Economic Challenges in India
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