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What is the difference between the quantity demanded and the demand curve?

Marketing Jan 11, 2021

What is the difference between the quantity demanded and the demand curve?

Expert Solution

The demand curve is a downward sloping curve, showing the inverse relationship between quantity demanded and various prices. Quantity demanded is a point on the demand curve that correspond to a given price. A change in the demand for a product signifies inward or outward shift in the demand curve, meaning that the quantity demanded at each price has decreased or increased, respectively. A change in quantity demanded describe the change in number of units demanded by the consumer as a result of a change in price, that is, a movement along the demand curve.

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