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What is the difference between quantity demanded and demand curve?

On the other hand, changes in quantity demanded is due to price. Change in demand will result in the shift in the demand curve. As opposed to quantity demanded, where the change may lead to the movement along the demand curve.

What is the relationship between demand and price?

Demand represents the buyers in a market. Demand is a description of all quantities of a good or service that a buyer would be willing to purchase at all prices. According to the law of demand, this relationship is always negative: the response to an increase in price is a decrease in the quantity demanded.

What is the inverse relationship between price and quantity demanded?

Economists call this inverse relationship between price and quantity demanded the law of demand. The law of demand assumes that all other variables that affect demand are held constant. An example from the market for gasoline can be shown in the form of a table or a graph.

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