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Change in Quantity Demand
vs
Change in Demand
Name: Siddhant Bhandari
Section: PGDM 4
PRN NO: DM17D49
What is Demand?
• Demand in economics is how many goods and services are
bought at various prices during a certain period of time.
• Demand is the consumer's need or desire to own the
product or experience the service.
Determinants of Demand
Pricing factor
Non Pricing
factors
Change in Quantity Demand
• A change in quantity demanded is a change in the
specific quantity of a good that buyers are willing
and able to buy.
• This change in quantity demanded is caused by a
change in the demand price.
• The demand price induces a change in the quantity
demanded and a movement along the demand
curve, the non-pricing determinant remains
unchanged.
Change in Demand
• A change in demand is the result of a change in any
of the non-pricing determinant of a demand.
• The demand curve move either to left or right side.
• A negative change in demand shifts the curve left,
and price and quantity both fall.
• A positive change in demand shifts the curve right,
and price and quantity both rise.
Difference between change in quantity demand &
change in demand
Change in quantity demand Change in demand
1. Expansion & Contraction:
• Ceteris paribus ,there is an
upward or downward
movement in a demand
curve due to change in
price.
Upward movement=Contraction
Downward movement=Expansion
1. Increase & Decrease:
• There is shift in demand
curve either to left or right
due to change in
determinants of demand
other than price .
Shift toward right: Increase
Shift toward left: Decrease
Change in quantity demand vs change in demand

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Change in quantity demand vs change in demand

  • 1. Change in Quantity Demand vs Change in Demand Name: Siddhant Bhandari Section: PGDM 4 PRN NO: DM17D49
  • 2. What is Demand? • Demand in economics is how many goods and services are bought at various prices during a certain period of time. • Demand is the consumer's need or desire to own the product or experience the service. Determinants of Demand Pricing factor Non Pricing factors
  • 3. Change in Quantity Demand • A change in quantity demanded is a change in the specific quantity of a good that buyers are willing and able to buy. • This change in quantity demanded is caused by a change in the demand price. • The demand price induces a change in the quantity demanded and a movement along the demand curve, the non-pricing determinant remains unchanged.
  • 4. Change in Demand • A change in demand is the result of a change in any of the non-pricing determinant of a demand. • The demand curve move either to left or right side. • A negative change in demand shifts the curve left, and price and quantity both fall. • A positive change in demand shifts the curve right, and price and quantity both rise.
  • 5. Difference between change in quantity demand & change in demand Change in quantity demand Change in demand 1. Expansion & Contraction: • Ceteris paribus ,there is an upward or downward movement in a demand curve due to change in price. Upward movement=Contraction Downward movement=Expansion 1. Increase & Decrease: • There is shift in demand curve either to left or right due to change in determinants of demand other than price . Shift toward right: Increase Shift toward left: Decrease