4. Movements along versus shifts of demand curves Consider the market demand for cereal. Complete the following table by indicating whether an event will cause a movement along the demand curve for cereal or a shift of the demand curve for cereal, holding all else constant. Movement Along Event Shift An increase in the number of consumers A change in tastes of consumers that makes them desire more cereal A decrease in the price of cereal

Brief Principles of Macroeconomics (MindTap Course List)
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Author:N. Gregory Mankiw
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Chapter4: The Market Forces Of Supply And Demand
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4. Movements along versus shifts of demand curves
Consider the
market demand for cereal.
Complete the following table by indicating whether an event will cause a movement along the demand curve for cereal or a shift of the demand
curve for cereal, holding all else constant.
Movement Along
Event
Shift
An increase in the number of consumers
A change in tastes of consumers that makes them
desire more cereal
A decrease in the price of cereal
Transcribed Image Text:4. Movements along versus shifts of demand curves Consider the market demand for cereal. Complete the following table by indicating whether an event will cause a movement along the demand curve for cereal or a shift of the demand curve for cereal, holding all else constant. Movement Along Event Shift An increase in the number of consumers A change in tastes of consumers that makes them desire more cereal A decrease in the price of cereal
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