question archive Le Bureau et Chaise offers a one-weekend clearance sale on its old model of desks, which causes students to rush to upgrade their dorm furniture

Le Bureau et Chaise offers a one-weekend clearance sale on its old model of desks, which causes students to rush to upgrade their dorm furniture

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Le Bureau et Chaise offers a one-weekend clearance sale on its old model of desks, which causes students to rush to upgrade their dorm furniture. Would this scenario cause a shift in the demand curve or a movement along a demand curve? Explain.

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When Le Bureau et Chaise offers a one-weekend sale on its old desk model, this attracts the students, and they rush to the store to upgrade their furniture, as they will be getting the table at a discounted price. This decision by the store will increase the demand for their furniture. But the question is whether it will cause the demand curve to shift or move.

As the furniture is being provided at a reduced price, there will be a movement in the demand curve. This can be inferred because the action in the demand curve is always caused when there is a change in the price of the product, while in a shift, there are no changes in the price, only the demand changes.

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