2 weeks ago Grade -12 (NEB) > Management Economics

Differences between a Movement along and Shift in the Demand curve.

List out the Differences between a Movement along and Shift in the Demand curve.

1 Answer

2 weeks ago CTEVT > Diploma/PCL > PCL In Medical Lab Technology Revised 2019

The differences between a movement along a demand curve and shift demand curve are given below:

S.N Movement along a demand curve Shift in demand curve
1. It is caused by the change in the price of the commodity only. It is caused by the change in the factors other than price.
2. It is always along the same demand curve i.e. no new demand curve is drawn. It is shown by drawing new demand curve.
3. The position of the demand curve remains the same. The position of demand curve changes.
4. If the quantity demanded a commodity decreases with a rise in price, it is called contraction in demand. In this case, the consumers move upwards along the same demand curve. If the demand for a commodity falls due to unfavourable change factors other than price it is called increase in demand. In this case, the demand curve shifts towards the left.
5. If the more quantities of a commodity are demanded with the fall in price, it is called extension in demand. In this case, the consumer moves downward along the same demand curve. If the demand for a commodity rises due to favourable change in factors other than price, it is called an increase in demand. In this price, demand curve shifts towards right.

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