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What is differnce between demand and …

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What is differnce between demand and quantity demand

    • Posted by Anjali Sudha 6 years, 3 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Yogita Ingle 6 years, 3 months ago

    <th>Basis for Comparison</th> <th>Demand</th> <th>Quantity Demanded</th>
    Meaning Demand is defined as the willingness of buyer and his affordability to pay the price for the economic good or service. Quantity Demanded represents exact quantity (how much) of a good or service is demanded by consumers at a particular price.
    What is it? It lists out quantities that would be purchased at various prices. It is the actual amount of goods desired at a certain price.
    Change Increase or decrease in demand Expansion or contraction in demand.
    Reasons Factors other than price Price
    Measurement of change Shift in demand curve Movement along demand curve
    Consequences of change in actual price No change in demand. Change in quantity demanded.

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