InterviewSolution
Saved Bookmarks
InterviewSolution
| 1. |
What is the difference between change in supply and change in demand ? |
| Answer» \tChange in demand means change in demand due to the factors of demand other than price whereas Change in quantity demanded means change in the quantity purchased due to change in the price of a product .\tChange in demand has no price effect whereas Change in quantity has price effect.\tChange in demand implies a change in demand curve whereas Change in quantity does not change the demand curve.\tChange in demand will result in the shift in the demand curve whereas Change in quantity will result in movement of demand curve. | |