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What is difference between demand and quantity demand


Priyanka Saini

Priyanka Saini

CA Foundation

12K+

01-May-20 16:03

81

Answers (2)

You mean - Demand and Quantity demanded Demand is the consumer's willingness and ability to buy various quantities of a item (goods or services) in one market during a given period of time, at various prices, or at various incomes, or at various prices of related goods. This is more like trend of the market. Quantity demanded is the quantity of a commodity that people are willing to buy at a particular price at a particular point of time. This is related to individual item or commodity.


sudha reddy

sudha reddy

Moderator

01-May-20 17:44

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