Question: Pregunta 16 10 puntos What is the difference between a shift in the demand curve and a movement along the demand curve? A shift is
Pregunta 16 10 puntos What is the difference between a shift in the demand curve and a movement along the demand curve? A shift is a reaction to a movement along the demand curve. A shift implies a change in the whole demand curve; a movement does not. A shift conveys a change in the opportunity cost; a movement does not. A shift creates a new equilibrium price; a movement creates a new equilibrium quantity
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