Movement alone demand curve/ change in quantity demand:
Movement alone demand curve refers changing
quantity demand due to change in price but other factors are constant.
Shift
in demand/ change in demand:
Shift in demand means change in demand due to
change in various factors but price are constant.
The
differences between change in quantity demand and change in demand is:
Subject
|
Change in quantity
demand
|
Change in demand
|
1.
Means
|
Change
in quantity means movement alone demand curve.
|
Change
in demand curve means shift in demand.
|
2.
Change
|
Change
in quantity demand refers movement alone demand curve due to changing price
but other factors are constant.
|
Change
in demand refers shift in demand due to change in factors but price are
constant.
|
3.
Graphical presentation
|
|
|
4.
Types
|
It
has two parts- a) extension of demand b) contraction of demand
|
It
has two parts- a) increase in demand b) decrease in demand
|
5.
Analysis
|
In
the above graph movement of demand from b to a is called contraction and b to
c is called extension of demand.
|
In
the above graph the shift in demand from DD to DD1 is called increase in demand
and from DD to DD2 is called decrease in demand.
|
6.Price
|
In
movement alone demand curve the price changes.
|
But
in shift in demand the price remain same.
|
7.
Other things
|
It
the other things like In income, taste and habit are remain unchanged.
|
But
in it the other things are changing.
|
Finally, we can say both movement alone demand and
shift in demand helps a business to calculate the possible ways of production.
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