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Alex17521 [72]
4 years ago
15

Difference demand and quantity demanded

SAT
2 answers:
attashe74 [19]4 years ago
5 0
Demand is defined as the willingness of buyer and his affordability to pay the price for the economic good or service whereas Quantity Demanded represents exact quantity (how much) of a good or service is demanded by consumers at a particular price.

Reasons for Demand is Factors other than the price whereas for Quantity demanded it is price itself.

Hope this helps!<span><span>
</span></span>
dangina [55]4 years ago
4 0
A change in quantity demanded<span> represents a movement along the current </span>demand<span>curve, while a change in </span>demand<span> represents a shift in the entire </span>demand<span> curve. By understanding this </span>difference<span>, a producer can better respond to market changes.</span>
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