(Answered) 1-What is the relationship between price and quantity demanded? Supplied?1-What is the relationship…

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➤ How do shifts in demand or supply differ from movements along curves?
Movement along a demand or supply curve occurs when only the good’s price changes, changing quantity demanded or supplied. A curve shift results from non-price factors: income, tastes, prices of related goods, input costs, technology, expectations, or number of buyers and sellers. Shifts change the entire schedule at every price.

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