Distinguish between 'increase in demand and 'increase in quantity dema – InterviewSolution

1.

Distinguish between 'increase in demand and 'increase in quantity demanded' of a good.

Answer»

Increase in Demand	Increase in Quantity Demanded
1. Increase in demand refers to increase in the purchase of a commodity at its existing Price.	Increase in quantity demanded refers to increase in the purchase of a commodity due to a full in its price.
2. Increase in demand occurs due to change in factors other than price of the commodity.	Increase in quantity demanded occurs due to change in price of the commodity
3. Diagrammatically, this is shown by a forward shift in demand curve.	Diagrammatically, this is shown by a downward movement on the same demand curve.

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