#cfa #economics
The movement along a given demand curve due to a change in price is referred to as "change in quantity demanded". As the price changes, the quantity demanded changes. The term "change in demand" refers to a shift of the demand curve because of factors other than price.
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Law of demand - Wikipedia, the free encyclopedian other words, as the price declines the quantity demanded increases. This is indicated by a downward movement along the demand curve. An increase in price decreases the quantity demanded, and an upward movement along the demand curve occurs. <span>The movement along a given demand curve due to a change in price is referred to as "change in quantity demanded". As the price changes, the quantity demanded changes. The term "change in demand" refers to a shift of the demand curve because of factors other than price.
Exceptions to the law of demand[edit]
Generally the amount demanded of a good increases with a decrease in price of the good and vice versa. In some cases, however, this may not be tru Summary
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