Explain the differences between a change in quantity demanded of ice cream and a change in the demand of ice cream.
1 answer:
Answer:
A change in quantity demanded is as a result of a change in price. It leads only to movement along the demand curve. If price increases, quantity demanded falls and if price falls, quantity demanded rises.
A change in demand for icecream in caused by other factors other than the price of Ice cream. Some of these factors include:
1. Taste
2. Weather
3. Change in price of substitutes
4. Expectations
A change in demand leads to the demand curve either shifting to the left or to the right.
Explanation:
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