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How to Edit Demand

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In this tutorial, the key distinction between a change in demand and a change in quantity demanded is explained. A change in quantity demanded refers to movement along the demand curve, illustrated by a transition from point A to point C, triggered solely by a price change. In contrast, a change in demand involves a shift of the entire demand curve, represented by a move from point A to B. It is emphasized that the only factor influencing quantity demanded is price, as lowering the price from five to three will increase the quantity demanded. Understanding this difference is crucial for students to avoid confusion in economic concepts.

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