Advertisement Remove all ads
Advertisement Remove all ads
Advertisement Remove all ads
When does "change in quantity demanded" take place?
Advertisement Remove all ads
Solution
Assuming that other things remain constant, the quantity demanded will change with a change in the price of a good. Hence, the change in quantity demanded will have movements along the demand curve. The change in the quantity demanded may be an extension of the demand caused by a decrease in the price of the same good or contraction of demand caused by an increase in the price of the same good.
Concept: Change in Quantity Demand
Is there an error in this question or solution?