203k views
2 votes
What moves along the existing curves (both supply and demand) but does not shift them?

1 Answer

3 votes

Final answer:

A shift in the demand or supply curve refers to a change in the entire curve, while a movement along the curve happens when there is a change in price resulting in a change in quantity demanded or supplied.

Step-by-step explanation:

Shifts of Demand or Supply versus Movements along a Demand or Supply Curve

A shift in the demand or supply curve refers to a change in the entire curve, caused by factors such as changes in consumer preferences, population, income, or technology. This indicates a change in the quantity demanded or supplied at all price levels.

On the other hand, a movement along the demand or supply curve occurs when there is a change in price, resulting in a change in quantity demanded or supplied. Movements along the curve do not shift the entire curve but represent different points on the same curve.

User Irvine
by
7.8k points

No related questions found