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3 Tutorials that teach Changes in Demand and Movements along Demand Curve
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Changes in Demand and Movements along Demand Curve

Changes in Demand and Movements along Demand Curve

Author: Justin Tapp
Description:

This lesson will explain and give an overview of changes in demand and movements along the demand curve.

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Tutorial

Notes on "Changes in Demand and Movements Along Demand Curve"

Terms to Know

Ceteris Paribus

Holding all other variables constant.

Substitute Goods

As the price of one good increases, the demand for an alternative good, meeting similar consumer needs, increases.

Complement Goods

A good for which the demand increases as the price of an associated good decreases.

Movements Along Demand Curve

Demonstrated when the price of the product changes and impacts the quantity demanded.

Shift in Demand

A change in something other than price affects purchasing behavior.