![]() ![]() "Supply change" => shift of the supply curve. ![]() "Demand change" => shift of the demand curve. A change in supply refers to a shift in the entire supply curve, so that the quantity supplied - at any price - is different from what it was before. But it is really important to understand that this change in quantity supplied is different from a change in supply. The RESULT of this is that - all else being equal - the price of newspapers will fall, and the QUANTITY SUPPLIED will also fall. That's a shift in the entire demand curve to the left. What we mean when we say reduction in demand is that the quantity demanded - at all prices - is less than it was before. The existence of online news as a substitute for newspapers causes a reduction in demand. ![]() And confusing change in supply with change in quantity supplied. You are confusing movement along a curve with a shift in the curve. ![]()
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