Question: Consider the following events: a. The price of cell phones goes down by 25 percent during a sale. b. You get a 25 percent raise

Consider the following events:
a. The price of cell phones goes down by 25 percent during a sale.
b. You get a 25 percent raise at your job.
Which event represents a shift in the demand curve? Which represents a movement along the curve? What is the difference?

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