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Hey everyone and welcome back to our channel. We appreciate all of the support, feedback, and video suggestions from all of you. Were glad youre enjoying the content. Today, like last week were going to cover a topic that was requested from one of our subscribers, and that is the difference between demand shocks that shift the curve, also known as a change in demand, versus a shock which moves you along the curve, also known as a change in quantity demanded. With that said, lets get right into it. So if you have any knowledge of basic economics then youre familiar with the concept of supply and demand. The supply and demand curves are plotted on a graph with price on the vertical axis and quantity on the horizontal axis. The Law of Demand states that as prices increase quantity demanded decreases, hence why the demand curve is negatively sloped. So what causes a change in quantity demanded? Well, any change in the price of the good or service. Typica
