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Consignment stores and online clothing resale sites are part of circular markets for used goods.

The Resale Economy: From Fast Fashion to Circular Markets

Many young consumers are beginning to look at circular markets for gently used clothing instead of relying on mass-produced, disposable "fast fashion." What are the economic incentives behind using circular markets to buy secondhand goods?...
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Movements and shifts in demand and supply curves
Definitions

Movements and shifts in demand and supply curves

Saddique Ansari • January 28, 2020 • 1 min read

Author bio

Movements and shifts

When the price of a product changes it will result in a movement along either a demand or supply curve.

When a non-price determinant of demand or supply changes (assuming price is constant) it will cause a shift in the position of the demand or supply curve.

shifts and movements

 


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