What causes the upward movement along a demand curve?
Demand is the relationship between the price of a good or service and the quantity demanded while the demand curve is a graphical representation of this relationship.
Answer and Explanation:
As noted above, demand is the relationship between the price and the quantity demanded. Therefore, if the price were to change, you would just move to another point on the demand curve since this price/quantity demanded relationship is already given on the curve. This movement is in contrast to when other factors influence demand, which causes the entire curve to shift.
Become a member and unlock all Study Answers
Try it risk-free for 30 daysTry it risk-free
Ask a question
Our experts can answer your tough homework and study questions.Ask a question Ask a question
Learn more about this topic:
from College Macroeconomics: Homework Help ResourceChapter 7 / Lesson 11