Question: 1. (5 points) Quantity Demanded vs. Demand. (a) Explain the difference between quantity demanded and demand. (b) In a graph, represent a situation where the

1. (5 points) Quantity Demanded vs. Demand. (a) Explain the difference between quantity demanded and demand. (b) In a graph, represent a situation where the quantity demanded changes but the demand curve remains the same. (c) In another graph, represent a situation in which the quantity demanded remains the same but the demand curve shifts. 2. (5 points) Explain the concept of consumer surplus

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