Illustrate what is the difference between a movement along

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Microeconomics: Movement along and shift of the demand curve

What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply and demand in decision making.

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Reference no: EM1337473

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