- Since determinants of supply and demand other than the price of the goods in question are not explicitly represented in the supply-demand diagram, changes in the values of these variables are represented by moving the supply and demand curves (often described as "shifts" in the curves). By contrast, responses to changes in the price of the good are represented as movements along unchanged supply and demand curves.
- Arts and Humanities, Business and Communication
- High School
- Material Type:
- Diagram/Illustration, Teaching/Learning Strategy, Textbook
- Mansi Mehta, Pooia Mehta
- Date Added:
- Creative Commons Attribution Non-Commercial Share Alike
- Media Format:
No evaluations yet.