What is the difference between demand and quantity demanded of a product, say milk?

Question

asked Apr 23, 2018 32.1k views

1 Answer

JSchaefer · Answer 1 · 2018-04-28T08:22:19+0000

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.

What is the difference between demand and quantity demanded of a product, say milk?

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

Please log in or register to add a comment.

No related questions found

Categories

Other Questions