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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
3. Movements along versus shifts of demand curves
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Consider the market demand for wine.
Complete the following table by indicating whether an event will cause a movement along the demand curve for wine or a shift of the demand curve for wine, holding all else constant.
Event
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A change in the expectations of consumers about their future income (movement along or shift)
Â
A decrease in the price of wine (Movement along or shift)
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A decrease in the number of consumers (movement along or shift)
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