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Changes in Demand and Movements along Demand Curve

Changes in Demand and Movements along Demand Curve

Author: Catherine Barry

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

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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 need, increases

Complement Goods

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

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 affect purchasing behavior.