Demand refers to the entire relationship between the prices and the quality of the product. Quality demand refers to one particular point on the demand curve.
equilibrium is the responsiveness of quantity demand to a change in price.
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve
a demand schedule is a table showing the relationship between the price of a good and the quantity demanded , but a demand curve is a graph showing the relationship between the price of a good and the quantity demanded.
demand = how much people want it quantity (supply) = how much you have/can sell When the demand drops, the supply increases, and when the supply increases, the demand drops, but it will turn around again, and when the supply is low, the demand increases, and when the demand increases, and the supply gets lower.
Change in demand is subjective, it could be increase or decrease in the qauntity of good or services asked for, while change in quantity demand is objective, it refers to actual quantity/amount of good or seevices requested /demanded .
equilibrium is the responsiveness of quantity demand to a change in price.
a change in demand is a movement along the demand curve, and a change in quantity demanded is a shift in the demand curve
a demand schedule is a table showing the relationship between the price of a good and the quantity demanded , but a demand curve is a graph showing the relationship between the price of a good and the quantity demanded.
demand = how much people want it quantity (supply) = how much you have/can sell When the demand drops, the supply increases, and when the supply increases, the demand drops, but it will turn around again, and when the supply is low, the demand increases, and when the demand increases, and the supply gets lower.
Change in demand is subjective, it could be increase or decrease in the qauntity of good or services asked for, while change in quantity demand is objective, it refers to actual quantity/amount of good or seevices requested /demanded .
High Demand Lowers QuantityLow Demand increases price and quantity
Law of demand is behind the downward sloping of demand curve,i.e. inverse relationship between price and quantity demanded.
a demand curve is a single curve which slopes downwards from left to the right indicating an inverse relationship between price and quantity demanded. a demand schedule is a table which gives the quantity demanded at each range of prices.
Demand curve is slope downward because of inverse relationship between price and quantity.
Demand estimation's purpose is to determine the approximate level of demand for the product whereas demand forecasting's purpose is to estimate the quantity of product or service that consumers will purchase.
i. A demand curve is a single curve which slopes downwards from left to the right indicating an inverse relationship between price and quantity demanded And A demand schedule is a table which gives the quantity demanded at each range of prices.
a table of bprices and quantity demand.