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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

What is the difference between a movement factor and a shift factor?

To determine

Difference between movement factor and shift factor.

Explanation

The movement of a supply or demand curve occurs due to change in price. Thus, from this itself it is clear that price is the movement factor. The shift of a supply or demand curve...

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