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06.02.2022 09:59
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Difference demand and quantity demanded

Difference demand and quantity demanded
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silly82
silly82
5,0(95 marks)
A change in quantity demanded represents a movement along the current demandcurve, while a change in demand represents a shift in the entire demand curve. By understanding this difference, a producer can better respond to market changes.
keke515
keke515
4,6(45 marks)
Demand is defined as the willingness of buyer and his affordability to pay the price for the economic good or service whereas Quantity Demanded represents exact quantity (how much) of a good or service is demanded by consumers at a particular price.

Reasons for Demand is Factors other than the price whereas for Quantity demanded it is price itself.

Hope this helps!
antoinewill05
antoinewill05
4,9(63 marks)

Plastic materials do not decompose easily and most end up in the ocean where they can potentially harm animals. Some plastics also release carcinogens when burnt. By reducing its usage, we look for a more sustainable alternative to plastic materials. Reuse old plastic containers, bags, etc. if they can are still in good condition. Recycling will repurpose plastics that are no longer in proper condition to be used how it was originally intended to be.

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