Concept
Version 7
Created by Boundless
Changes in Demand and Shifts in the Demand Curve
Demand Curve
A demand curve provides an economic agent's price to quantity relationship related to a specific good or service. Movements along a demand curve are related to a change in price, resulting in a change in quantity; shifts is demand (D1 to D2) are specific to changes in income, preferences, availability of substitutes and other factors.
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