Question: The response should be a minimum of two (2) double-spaced pages; refer to the Length and Formatting instructions for additional details. 1. What is the

The response should be a minimum of two (2) double-spaced pages; refer to the Length and Formatting instructions for additional details.

1. What is the difference between a "change in demand" and a change in "quantity demanded."
2. What is the difference between a "change in supply" and a change in "quantity supplied."
3. Holding demand constant, what is the only thing that can cause a change in quantity demanded? What are the things that cause a change in demand?
4. How do changes in income affect the demand for a good?
5. How do substitute and complementary goods affect the demand for a good?

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