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 Form 3 Business Studies: Demand and supply online lessons

Movement along the demand curve and shift in demand

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Answer Text:
Movement along the demand curve and shift in demand:
-Movement along the demand curve leads to reduction or increase in quantity demanded and is caused by changes in prices.
figdemand21720201120.JPG
Shift in demand curve:
-A shift in demand curve refers to the movement of the whole demand curve from its existing position to a new position. It is caused
by other factors other than price.
figdemand21720201121.JPG


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