Difference between movement along and shift of demand curve

Reference no: EM1315939

Price	Q Demand	Q Supplied	State of Market D-S	Tendency for Price change (Decrease/Increase/Same)
90	45	115
85	65	100
80	85	85
75	105	70
70	125	55

a. Create a graph that shows Price on the Y-axis and Q demanded and Q Demanded and Q supplied on the X-axis.

b. What is the difference between a movement along and shift of the demand curve? Show the affect on the equilibrium price and quantity that result from: (1) an increase in demand, (2) an increase in supply, and (3) an increase in both supply and demand. Provide an example of the role of supply and demand in decision-making.

Reference no: EM1315939

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