Example · Microeconomics Knowledge Book · worked example added
Change in demand vs change in quantity demanded
A change in the good's own price moves you along the demand curve: a change in quantity demanded. A change in income, tastes or the prices of related goods shifts the whole curve: a change in demand.
Example (Week 3 problem set · Q2): coffee gets more expensive. What happens to demand for tea? Tea is a substitute, so demand rises and the curve shifts right.
From: Week 3 slides · p. 8
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