No Bull Economics Lessons

Macroeconomics & Microeconomics Concepts You Must Know

Essential Questions

How is a change in quantity demanded different from a change in demand?

Posted on April 15, 2014 at 8:50 AM

The law of demand states that as the price decreases, the quantity demanded will increase. A change in quantity demanded occurs when the price of the product changes. This means that you move point-to-point along the demand curve.

A change in demand refers to a shift of the entire demand curve. This is caused by a change in the determinants of demand.

Change in quantity demanded: point-to-point movement along demand curve

Change in demand: shift of the demand curve

AP Macroeconomics / AP Microeconomics Unit 1 Basic Economic Concepts

Categories: AP Macroeconomics, Macro Unit 1 Basic Economic Concepts, Micro Unit 1 Basic Economic Concepts

Post a Comment


Oops, you forgot something.


The words you entered did not match the given text. Please try again.

You must be a member to comment on this page. Sign In or Register