57.2k views
3 votes
A change in ______ refers to a movement along the demand curve for cars in response to changes in the price of cars, whereas a change in ______ refers to a shift of the demand curve for cars leftward or rightward in response to anything other than changes in the price of cars.

User Mr Smith
by
8.1k points

1 Answer

2 votes

Answer:

quantity demanded; demand

Step-by-step explanation:

The difference between demand and quantity demanded is that demand is the whole curve that relates possible prices to certain quantities, while demanded quantity means a specific point in the curve relating price to quantity. For this reason, we can conclude that a change in quantity demanded refers to a movement along the demand curve for cars in response to changes in the price of cars, whereas a change in demand refers to a shift of the demand curve for cars leftward or rightward in response to anything other than changes in the price of cars.

User TheJediCowboy
by
8.1k points

No related questions found