Answer to Question #162631 in Microeconomics for Targus

Question

Describe increase/Decrease and change in demand. suppose there is a market for coca-cola. In winters, the demand for coca-cola decreases, will there be a shift or a movement in demand curve? Explain Your Reasons Briefly.

Answer 1

There is a shift in demand curve because there is a change in quantity demanded of coca-cola (it decreases in winter) at each possible price.