Answered

At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

What is the difference between an increase in demand and an increase in quantity demanded?.

Sagot :

nprocks958

Answer:

Quantity Demanded is a shift up/down a demand curve

Increase in Demand is a shift in the curve itself.

Explanation:

There will be an increase in Quantity Demanded when price goes down. There is a Quantity Demand change when there is a price change. (QD goes up when Price goes down, QD goes down when price goes up)

An increase in demand is when one of the shifters of demand change. So for example, if number of consumers (one of the shifters) increase, the demand curve increases, and shifts right, meaning more quantity at each pricepoint.

We hope our answers were useful. Return anytime for more information and answers to any other questions you have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.