Change in quantity demand vs change in demand

This ppt is about Change in Quantity Demand vs change in demand.

1. Change in Quantity Demand vs Change in Demand Name: Siddhant Bhandari Section: PGDM 4 PRN NO: DM17D49

2. What is Demand? Demand in economics is how many goods and services are bought at various prices during a certain period of time. Demand is the consumer's need or desire to own the product or experience the service . Determinants of Demand Pricing factor Non Pricing factors

3. Change in Quantity Demand A change in quantity demanded is a change in the specific quantity of a good that buyers are willing and able to buy . This change in quantity demanded is caused by a change in the demand price . T he demand price induces a change in the quantity demanded and a movement along the demand curve, the non-pricing determinant remains unchanged.

4. Change in Demand A change in demand is the result of a change in any of the  non-pricing determinant of a demand. The demand curve move either to left or right side. A negative change in demand shifts the curve left, and price and quantity both fall. A positive change in demand shifts the curve right, and price and quantity both rise.

5. Difference between change in quantity demand & change in demand Change in quantity demand Change in demand Expansion & Contraction: Ceteris paribus ,there is an upward or downward movement in a demand curve due to change in price. Upward movement=Contraction Downward movement=Expansion Increase & Decrease: There is shift in demand curve either to left or right due to change in determinants of demand other than price . Shift toward right: Increase Shift toward left: Decrease