Economy, asked by rahul45265, 8 months ago

Distinguish between Demand and Quantity demanded​

Answers

Answered by vsvprabhath
1

Answer:

In economics, demand refers to the demand schedule i.e. the demand curve while the quantity demanded is a point on a single demand curve which corresponds to a specific price. It is important to distinguish between the two terms because they refer to totally different concepts.

Answered by Anonymous
3

Explanation:

change in demand means that the entire demand curve shifts either left or right. ... A change in quantity demanded refers to a movement along the demand curve, which is caused only by a chance in price. In this case, the demand curve doesn't move; rather, we move along the existing demand curve.

Similar questions