IB Economics 2.1.5 Movements and Shifts of the Demand Curve Flashcards

Flashcards for 2.1.5 Movements and Shifts of the Demand Curve

These interactive flashcards help IB Economics students Standard Level (SL) and Higher Level (HL) quickly review and memorize the essential definitions, formulas, and terms needed for success in IB Exams.

Each card focuses on 2.1.5 Movements and Shifts of the Demand Curve and is aligned with the IB Economics syllabus, ensuring focused revision on microeconomics, macroeconomics, and international trade.

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Based on the diagram, what specific change in the market causes a movement from point A to point B?

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A decrease in the price of the good itself (from $P_{1}$ to $P_{2}$ ).

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