Illustrate what is the difference between a movement along

Reference no: EM1337473

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.

Could you please explain the above questions?

Reference no: EM1337473

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