Quantity demanded

Quantity demanded

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Difference between Quantity Demanded and a Shift in Demand

            Demand refers the whole relationship that exists between prices as well as the quantity of these products and services people want to have at each price.  Quantity demanded is referred as the quantity of a commodity people is willing to purchase at any given point of time and a particular price. This mostly depends on the price of goods or services that are in the marketplace despite whether the market is in equilibrium. It is mainly…