Change in Demand VS Change in Quantity Demanded | Economics by zea tutor

Micro Economics

Change in Demand VS Change in Quantity Demanded | Economics by zea tutor

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Change in Demand VS Change in Quantity Demanded

What is the difference between change in demand & change in quantity demanded?

Change in Demand.

Change in demand takes place due to the change in other factors than price

Reasons:

Change in Fashion, Income, Population, Weather etc.

Change in Quantity Demanded.

Change in quantity demanded takes place due to the change price only.

Reasons:

Change in Price only

Change in Demand VS Change in Quantity Demanded | Economics by sir zafar