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