More on Demand

Watch these videos for additional perspectives on demand, the Law of Demand, and the variables that shift the demand curve. Be sure you understand the difference between demand and quantity demanded. Knowing this difference will help you determine if a change in a specific variable causes a movement along the demand curve or a shift of the curve.

Change in Demand vs Change in Quantity Demanded

 

 

Source: Mary J. McGlasson, https://www.youtube.com/watch?v=aTSwcXJ700c&list=PLF2A3693D8481F442&index=12
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