Quotulatiousness

April 20, 2015

Supply and Demand Terminology

Filed under: Economics — Tags: , — Nicholas @ 05:00

Published on 2 Jan 2015

What is the difference between a change in demand and a change in the quantity demanded? The terminology can be confusing — but we’ll provide some clarity in this video. In short, a change in demand refers to a shift in the demand curve — caused by a number of factors such as income, population, etc. A change in quantity demanded refers to a movement along a fixed demand curve — caused by a change in price.

Related posts:

  1. The Supply Curve
  2. The Demand Curve
  3. The Demand Curve Shifts
  4. A Deeper Look at the Demand Curve
  5. A Deeper Look at the Supply Curve

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