Answer to Question #285021 in Microeconomics for asim

Question

If the price of Pak Suzuki company Alto car decreases from Rs 1,700,000 to Rs 1,200,000, keeping other factors constant, it would be termed as movement along the demand curve or shift in the demand curve? 

Answer 1

A change in price of Pak Suzuki company alto car from 1,700,000 to Rs 1,200,000 would lead to a movement along the demand curve