Answer to Question #211239 in Microeconomics for Banza

Question

Use a diagram to distinguish clearly between a change in demand and a change in the quantity demanded. Mention a possible cause of each.

Answer 1

A change in demand means that the entire demand curve shifts either left or right.A change in quantity demanded refers to a movement along the demand curve, which is caused only by a chance in price. In this case, the demand curve doesn't move; rather, we move along the existing demand curve.