In this paper, we investigate the color changes of gravitational microlensing events caused by the two different mechanisms of differential amplification for a limb-darkened extended source and blending. From this investigation, we find that the color changes of limb-darkened extended source events (color curves) have dramatically different characteristics depending on whether the lens transits the source star or not. We show that for a source transit event, the lens proper motion can be determined by simply measuring the turning time of the color curve instead of fitting the overall color or light curves. We also find that even for a very small fraction of blended light, the color changes induced by the blending effect is equivalent to those caused by the limb-darkening effect, causing serious distortion in the observed color curve. Therefore, to obtain useful information about the lens and source star from the color curve of a limb-darkened extended source event, it will be essential to eliminate or correct for the blending effect. We discuss about the methods for the efficient correction of the blending effect.

total 18 pages, including 5 figures and no table, MNRAS, submitted