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What is the difference between demand and quantity demanded of a product, say milk?
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Apr 23, 2018
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What is the difference between demand and quantity demanded of a product, say milk?
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Demand is how much that thing is needed by people and quantity is how much of one thing they have. Hope that makes sense.
Example: The demand of milk has risen, so has the price.
Example: Having five jugs of milk is a large quantity.
JSchaefer
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Apr 28, 2018
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