How do you decide whether to change a point on demand curve or to shift the whole curve?

Changes in price mean a shift along the curve, changes other than the price of a good (e.g. change in price of a substitute good) shift the demand curve. 

MJ

Related Economics A Level answers

All answers ▸

What's the difference between an elastic good and an inelastic good?


Microeconomics: Discuss the Benefits of a Minimum Wage?


why is the profit maximising output where marginal cost (MC)= marginal revenue (MR)?


Explain the 2 ways in which a reduction in interest rates can change consumption in the aggregate demand model of the economy.