Economy, asked by gautamkhatri16, 11 months ago

what is the difference between change in demand and change in quantity demanded ? ​

Answers

Answered by mehek2440
7

Answer:

A change in demand refers to a shift in the entire demand curve, which is caused by a variety of factors (preferences, income, prices of substitutes and complements, expectations, population, etc.). In this case, the entire demand curve moves 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.

hope this answer helps dear.

Answered by labhkumar2020
1

Answer:

it's simple

Explanation:

change in demand describes a shift in consumer desire to purchase a particular good or service, irrespective of a variation in its price.

Change in Quantity Demanded: A change in quantity demanded is a change from one price-quantity pair on an existing demand curve to a new price-quantity pair on the SAME demand curve.

Similar questions