distinguish between decrease in demand and decrease in quantity demanded
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Understanding the difference between a change in demand and change in quantity demanded is a key concept in economics. ... Depending on the factor, a demand curve can either shift left, leading to a decrease in quantity demanded, or right, leading to an increase in quantity demanded.
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Decrease in demand:
★ When demand of commodities decrease due to the change in other factors other than price is called decrease in demand.
★ In this term, demand of a commodity decreases.
Decrease in quantity demand:
★ When other things be constant, with rise in price, demand of commodity increase is known as decrease in quantity demand.
★ In this term, quantity demand of commodity increase.
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