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sweetysen
@sweetysen
August 2021
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what is the difference between demand and quantity demanded
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jack69
Demand means only a thing You demanded but quantity of demanded means you have anything in limit.
3 votes
Thanks 3
jerri
Hello Sweety
here is your answer ...
As we know that .. Demand curve is the graphical reperensation of Demand Schedule.
There are two ways in which demand curve changes
1. Movement along Demand curve.
When Demand of a commodity changes due to its own price, then we call it change in QUANTITY DEMAND.
In this case demand curve move towards upward in case of Increase in price and vice versa.
2. Shift in Demand curve
When demand changes due to factors other than the price of the good, it's is called change in DEMAND.
In this case demand curve shifts to rightward in case of Increase in Demand and vice versa
hope it helps
jerri
4 votes
Thanks 3
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Answers & Comments
here is your answer ...
As we know that .. Demand curve is the graphical reperensation of Demand Schedule.
There are two ways in which demand curve changes
1. Movement along Demand curve.
When Demand of a commodity changes due to its own price, then we call it change in QUANTITY DEMAND.
In this case demand curve move towards upward in case of Increase in price and vice versa.
2. Shift in Demand curve
When demand changes due to factors other than the price of the good, it's is called change in DEMAND.
In this case demand curve shifts to rightward in case of Increase in Demand and vice versa
hope it helps
jerri