Change in demand vs. change in quantity demanded

Asked: 1 year, 1 month ago | Viewed: 1 time | Answers: 1 answer

What are the major differences between change in demand and change in quantity demanded

Asked by:

Samuel Torimiro | April 7, 2023, 2:54 p.m.

Answers

A change in quantity demanded refers to a movement along a fixed demand curve -- that's caused by a change in price WHILE A change in demand refers to a shift in the demand curve -- that's caused by one of the shifters: income, preferences, changes in the price of related goods and so on.

Answered by:

Adetipe Toluwalope Adeleke | 1 year, 1 month ago

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