When the price of potatoes goes up, I buy less potatoes. That's moving along the curve, adjusting to a *phijig* change. But when my son got his exam results and we decided to celebrate no matter the cost, we bought chicken even though its price hadn't changed—that's the whole curve shifting. My budget is fixed, so my demand only truly shifts for a big family feeling, not for market games.
#exams#study
Jump in to reply — no account needed.