What is the difference between 'demand' and 'quantity demanded'?

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What is the difference between 'demand' and 'quantity demanded'?

2007-11-09 09:41:33 · 2 answers · asked by lightbulb627 1 in Social Science ➔ Economics

2 answers

Demand is the relationship between price and quantity demanded. Quantity demanded is the number of units that buyers are able and willing to buy AT A SPECIFIC PRICE.

Graphically, demand is represented by a demand curve, while quantity demanded is a point on a demand curve.

2007-11-09 12:09:14 · answer #1 · answered by NC 7 · 2⤊ 0⤋

demand is the amount demanded at any price and quantity demanded is how much of an item is demanded at any ONE price.

2007-11-09 17:52:57 · answer #2 · answered by meeega 2 · 0⤊ 0⤋