explain the meaning of change quantity demand how does it affect demand curve
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In economics the terms change in quantity demanded and change in demand are two different concepts.
Change in quantity demanded refers to change in the quantity purchased due to increase or decrease in the price of a product.
In such a case, it is incorrect to say increase or decrease in demand rather it is increase or decrease in the quantity demanded.
Change in quantity demanded refers to change in the quantity purchased due to increase or decrease in the price of a product.
In such a case, it is incorrect to say increase or decrease in demand rather it is increase or decrease in the quantity demanded.
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In economics the terms change in quantity demanded and change in demand are two different concepts.
Change in quantity demanded refers to change in the quantity purchased due to increase or decrease in the price of a product.
In such a case, it is incorrect to say increase or decrease in demand rather it is increase or decrease in the quantity demanded.
On the other hand, change in demand refers to increase or decrease in demand of a product due to various determinants of demand, while keeping price at constant.
Changes in quantity demanded can be measured by the movement of demand curve, while changes in demand are measured by shifts in demand curve. The terms, change in quantity demanded refers to expansion or contraction of demand, while change in demand means increase or decrease in demand.
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Change in quantity demanded refers to change in the quantity purchased due to increase or decrease in the price of a product.
In such a case, it is incorrect to say increase or decrease in demand rather it is increase or decrease in the quantity demanded.
On the other hand, change in demand refers to increase or decrease in demand of a product due to various determinants of demand, while keeping price at constant.
Changes in quantity demanded can be measured by the movement of demand curve, while changes in demand are measured by shifts in demand curve. The terms, change in quantity demanded refers to expansion or contraction of demand, while change in demand means increase or decrease in demand.
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how can change in price of a substitute good affect the demand of the given good? Explain with the help of an example
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