Distinguish between ‘increase in demand’ and increase in quantity demanded of a good.
Increase in demand and increase in quantity demanded of a good
|Increase in quantity demanded||Increase in demand|
|It refers to quantity demanded changes
due to change in the price remaining
other factors constant.
|It refers to a rise in demand for a
commodity because of factors other than
Factors which cause the increase in quantity demanded
Factors which cause the increase in demand
|It leads to a movement along the same
demand curve either upwards or
|It leads to shifts in the demand curve
either rightwards or leftwards.
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