1073 × Assumie That Collee And Sugar / | Q Chapters 1 & 2 Homework Flash: 1 Why

Question

1073 × Assumie That Collee And Sugar / | Q Chapters 1 & 2 Homework Flash: 1 Why would an × × 1st say the >C 1 + blackboard.sanjac.edu/webapps/assessment/take/launch,jsp?course assessment id- 487834 1&course id- 3153954 18 content id-_17770821 18ustep null QUESTION 14 7 points What is the difference between quantity demanded and demand? What causes quantity demanded to change? What causes demand to change? Path: p Words 0 QUESTION 15 7 points On the following supply and demand curves, indicate whether there is a surplus or shortage at $40, $60, and $80 and what is the numerical difference between quantity demanded and quantity supplied at each of those prices

Explanation / Answer

The difference between quantity demanded and demand is that the quantity demanded is the number of goods or services required by the consumers at a given price and demand is the willingness and ability of a consumer to purchase a particular good or service.
The expansion or contraction in the demand causes quantity demanded to be changed. So when a products demand changes, the quantity demanded also changes with it. The change in demand is due to supply or price change of a product. When the price of a product decreases or when its supply reduces then the demand of that product will be higher than usual.

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