How is demand and quantity demanded different?

Answer 1

A change in quantity demanded refers to the response of consumers to changes in the PRICES of commodities, ceteris paribus.>> Involves a movement along the demand curve

A change in demand refers to an increase or decrease in demand brought about by a change in the conditions of non-price determinants.

>> Involves a shift in the demand curve (to the left or right)

Answer 2

change in quantity demanded is the response of customers due to change of prices of the commodity

but change in demand is the increase or decrease in demand caused by change of non price determinants

A change in quantity demanded is a movement along a demand curve, caused by a change in price.

A change in demand is a SHIFT in the demand curve, caused by a change in something that underlies why the good is demanded. (e.g., technology, the availability of a substitute product, etc.) It changes the quantity demanded at nearly every price at the same time.

Answer 3

Increase in demand::

It imply rightwaed shift of demand curve.

Therefore change in factors other than price.

1. increase in taste increase in demand curve

2. increase in popoulation increase in demand curve

3. increase in income increase demand if normal good

4. fall in income increase demand if an inferior good

5. increase in price of substitute (pepsi) increase demand for good(coke)

6. fall in price of complement (beer) increase demand for good

7. if we expect the price of the product to increase in the future , our demand today will increase.

Increse in quantity demanded::

Movement up the demand curve.

Therefore change in price-------- increase in price cause a decrese in quantity demanded,

decrese in price cause an increase in quantity demanded .

Answer 4

The difference between demand and quantity demanded is in the definition of them. Demand is the amount of demand at all possible prices; while quantity demanded is the amount of demand at a particular price.

Answer 5

In economics, demand is defined as the quantity of a good or service consumers are willing and able to buy at a range of prices.

Quantity demanded is defined as the quantity of a good or service consumers are willing and able to buy at a price.

Quantity demanded is the amount of a good or service consumers demand at one price, whereas demand encompasses each and every instance of quantity demanded. So, on a demand curve, the curve (line) represents demand, while a point on the line represents the quantity demanded at that price.

Answer 6

demand refers to the need of goods and quality demanded refered to the demand for the quality of particular good

Answer 7

In terms of the demand curve, a change in quantity demanded is moving along an existing demand curve while a change in demand is a shift.

Answer 8

C