Economy, asked by ankitkmrjha, 1 year ago

Distinguish between change in demand and change in quantity demanded of a commodity​

Answers

Answered by mbrinda
4

Answer:

Change in demand -Change in habit, taste and fashion: when there is a change in the tastes of consumers in favour of a commodity, say due to fashion, its demand will rise, with no change in its prices of other commodities and in the taste of the consumer.

A change in quantity demanded results from a change in price.

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