Question: Using examples from your personal experience or work experience, how would you explain the difference between quantity demanded and demand (or quantity supplied and supply)

Using examples from your personal experience or work experience, how would you explain the difference between quantity demanded and demand (or quantity supplied and supply) to someone who has not studied Economics? Based on your example, why is the distinction important?

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We are all consumers and we all demand goods and services Demand is derived from consumers tastes an... View full answer

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