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Questions
Differentiate between a change in quantity demanded and a change in demand.
Distinguish between change in quantity demanded and change in demand of a commodity.
Distinguish between change in quantity demanded and change in demand.
Distinguish Between
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Solution
| Change in Quantity Demanded | Change in Demand | |
| 1. | Change in quantity demanded refers to an increase or decrease in quantity demanded for a commodity in response to a decrease or increase in its own price, other things remaining constant. | Change in demand refers to an increase or decrease in demand for a commodity in response to a change in other determinants of demand other than the price of the same commodity. |
| 2. | The consumer moves downward or upward along the same demand curve. | The demand curve shifts either rightward or leftward. |
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