Explain the difference between a change in quantity demanded and a change in demand
What will be an ideal response?
A change in quantity demanded of a product is caused by a change in the price of the product. It is represented by a movement along the product's demand curve. A change in demand for a product is caused by a change in a variable other than the price of the product. It is represented by a shift of the demand curve.
Economics
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a. $50 b. $100 c. $150 d. $0
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