Question: What is the major difference between change in demand and change in quantity demanded? Quantity demanded measures the amount of goods desired at a certain
What is the major difference between change in demand and change in quantity demanded?
- Quantity demanded measures the amount of goods desired at a certain price while demand lists out various quantities that would be purchased at various prices.
- The measurement of change for demand is a shift in the demand curve and the measurement of change in quantity demanded is movement along the demand curve.
- Demand considers factors other than price and quantity demanded considers only price.
- All of the above
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