2.1.6—Movements and shifts in demand Topic Practice
2.1.6—Movements and shifts in demand Topic Practice
Students practise distinguishing between price-induced movements along a demand curve and income- or determinant-driven shifts of the entire curve.
How this is tested
- explain that higher income shifts demand right, but a higher own price moves along
- distinguish quantity demanded, a point on the curve, from demand, the whole curve
- state the new demand equation when given a linear function shift without derivation