Question

Carefully explain the difference between a change in the quantity demanded and a change in demand.

Answer 1

Yes, it is true that there is difference between demand and quantity demanded

If the only factor present is price then there is change in the quantity demanded

The change in quantity demanded is shown by this movement of the demand curve either upward movement or downward movement

When there are other factors more than the prices are present like

Income level of consumers

Expectation level of consumers

Presence of substitutes in the market then there is the shift of whole demand curve

The shift is shown by either rightward a leftward shift of the demand curve

y upward movement P($) Derrord corre 7 pounward moverent 0 1 1 Rightward Shift of demord (uone 1 Qr