English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

answer should base on micro economics

2007-02-08 23:58:01 · 2 answers · asked by deenu 1 in Social Science Economics

2 answers

A change in demand indicates that a change in the entire demand curve has caused the curve to shift to a different level. For example, say butter has just been proven to cause brain erosion (assume this is a bad thing). Then, the demand for butter will decrease, since people will want less of it at the current price and all other prices.

A change in quantity demanded does not involve shifting the demand curve. Instead, it is a movement along the demand curve to a different price and quantity. But it continues to be the same demand curve. This could result from a change in supply that will change the equilibrium points.

Hope this helps.

2007-02-09 03:18:40 · answer #1 · answered by theeconomicsguy 5 · 0 0

Meaning Distinguish

2016-12-12 19:36:01 · answer #2 · answered by ? 4 · 0 0

fedest.com, questions and answers