Quantity demanded increases as price falls. Yet as demand falls, price falls. Using diagrams, explain whether these two statements contradict each other.

Needs to include:

• definitions of quantity demanded, demand and the law of demand
• diagrams to show the impact of changes in price on the demand curve and the shift of the demand curve
• an explanation of how a new price would result from an increase or decrease in demand, with. reference to the specific determinants
• examples of situations where such changes have taken place
• explain whether these two statements contradict each other