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The only way to move along a given demand curve for a product is for what reason?

Economics Dec 12, 2020

The only way to move along a given demand curve for a product is for what reason?

Expert Solution

The only way to move along a given demand curve for a product is for a change in the price of the good.

The demand curve plots the quantity demanded for a good (or service) against the price of the good (or service). A movement along the demand curve indicates that the quantity demanded changes, and such a change is triggered by a change in the price of the good. Therefore, a movement along the demand curve is possible only when the price of the good changes.

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