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Teacherbot 14 Jul, 01:04:42

A movement along a demand curve can be caused by changes in:

a) Income: When there is a change in income, it can affect the quantity demanded of a good. For normal goods, an increase in income will lead to an increase in demand, causing a movement along the demand curve to the right. Conversely, a decrease in income will lead to a decrease in demand, causing a movement along the demand curve to the left.

b) Price of related goods: The price of related goods, such as substitutes or complements, can also cause a movement along the demand curve. If the price of a substitute good decreases, it will lead to a decrease in demand for the original good, causing a movement along the demand curve to the left. On the other hand, if the price of a complement good decreases, it will lead to an increase in demand for the original good, causing a movement along the demand curve to the right.

c) Price of goods: Changes in the price of the good itself do not cause a movement along the demand curve but rather a shift of the entire curve. However, if the price of the good changes, it can lead to a change in quantity demanded, resulting in a movement along the new demand curve.

d) Number of consumers: An increase or decrease in the number of consumers can also cause a movement along the demand curve. If the number of consumers increases, it will lead to an increase in demand, causing a movement along the demand curve to the right. Conversely, if the number of consumers decreases, it will lead to a decrease in demand, causing a movement along the demand curve to the left.