How do the terms "quantity demanded" and "quantity supplied" differ from "demand" and "supply," and when...
How do the terms "quantity demanded" and "quantity supplied" differ from "demand" and "supply," and when do we have a "movement along" these curves instead of a shift of them?
Homework Answers
Ans
The former terms mean movement along the demand and supply curves respectively Demand and supply on the other hand mean shift of curves.
We have movement along if only price changes but other things remain constant. We have shift of them if other things like income, tastes etc change but price remains constant
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How do the terms "quantity demanded" and "quantity supplied"
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