by aminatasow on October 30th, 2009

aminatasow

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Distinguish between a change in demand and a change in quantity demanded, noting causes of each.

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  • by level headed on October 30th, 2009

    level headed

    I'm going to use the typewriter in this example because most people use the internet today but, in some areas a typewriter is still necessary. So, we have a change in demand because, Say I have a retail store and not as many people are buying them as they use to. Now a change in quantity demanded would be; I do not need to buy a hundred of them to have on hand because people are not buying typewriters as frequently as in the past. So, I only need to have ten in stock.

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