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Shift of the demand curve

Shift of the demand curve: Managerial Economics
Shift of the demand curve: Managerial Economics

To better understand how to apply the demand curve, decision makers need to learn how to distinguish between a shift on the demand curve and a shift of the demand curve. If WE change the price, the change of demand is a shift on the demand curve. However, if the demand changes for other reasons—weather, competition,our innovation—this signifies a shift of the demand curve.

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Skill Level Intermediate
1h 20m
Duration
14,115
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Skills covered in this course
Business Accounting Management Leadership

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