Economy, asked by dhwani0406, 11 months ago

Distinguish between decrease in demand and decrease in quantity demanded

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Answered by virengonarkar

Answer:

The difference between a decrease in overall demand and a decrease in quantity demanded is simply this: A decrease in demand quantity is directly related to a change in price. A decrease in overall demand is the result of changes in consumer incomes, tastes and preferences.

Answered by omhari7083

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