Math Help Forum

Math Help Forum Feed Site Feed

Go Back   Math Help Forum > University Math Help > Business Math
Reply
 
Thread Tools Display Modes
  #1  
Old October 17th, 2009, 01:34 AM
Newbie
 
Join Date: Oct 2009
Posts: 4
Country:
Thanks: 0
Thanked 0 Times in 0 Posts
pokeat is on a distinguished road
Default Mirco - Demand Curve Shift or Change ?

Darn, I'm in deep water with demand curve. Why is the graph change along the movement but not shift or vice versa ?

Suppose the price of chicken goes down. What will happen to Fred's demand for chicken ?

http://www1.esc.edu/personalfac/fmen...ics/demand.htm
This says this is not a change in demand - it just a change in amount Fred will buy.

Last edited by mr fantastic; October 18th, 2009 at 01:27 AM. Reason: m --> r and water is added, removed excessive smiley and removed superfluous url tags
Reply With Quote
Advertisement
 
  #2  
Old October 17th, 2009, 09:20 AM
Member
 
Join Date: Mar 2009
Posts: 104
Country:
Thanks: 52
Thanked 20 Times in 20 Posts
Robb is on a distinguished road
Default

Generally
Fred will change his demand along the demand curve with a change in price, holding all else constant.
If there is a change in other things, such as the price of a complement/substitute good, or research shows that chicken is good for you but red meat isn't etc. Then the whole demand curve will shift for a given price point and he will demand more/less depending on the direction of the shift in the demand curve
Reply With Quote
  #3  
Old October 18th, 2009, 01:22 AM
Newbie
 
Join Date: Oct 2009
Posts: 4
Country:
Thanks: 0
Thanked 0 Times in 0 Posts
pokeat is on a distinguished road
Default


Next one, shortage & surplus. Shouldn't shortage the price rises up bcos the quantity demanded > supplied. In reality this happens always, right ?
Same goes to surplus
Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Forum Jump


All times are GMT -7. The time now is 02:05 PM.


Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.2.0 ©2008, Crawlability, Inc.
©2005 - 2009 Math Help Forum


Math Help Forum is a community of maths forums with an emphasis on maths help in all levels of mathematics.
Register to post your math questions or just hang out and try some of our math games or visit the arcade.