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What is the difference between change …

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What is the difference between change in supply and change in demand ?

Posted by Raø Sahab Jàtın Yaduvanshi 6 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 6 years, 9 months ago

Change in demand means change in demand due to the factors of demand other than price whereas Change in quantity demanded means change in the quantity purchased due to change in the price of a product .
Change in demand has no price effect whereas Change in quantity has price effect.
Change in demand implies a change in demand curve whereas Change in quantity does not change the demand curve.
Change in demand will result in the shift in the demand curve whereas Change in quantity will result in movement of demand curve.

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