Summary In this report, I will distinguish between demand and quantity demanded by indicating the differences between the two terminologies. By referring to the textbook we use throughout our course as well as resources available on the internet, I was able to gather information on the definitions of demand and quantity demanded. The factors that affect movement along the curve and shift of the curve have been outlined in the following pages of this report. Demand and quantity demanded are different in terminologies and also literally. The demand and quantity demanded curve have differences and this can be seen in the figures I have pasted below. What is the economy? It is the study of the allocation, distribution and consumption of resources, capital and investment, and the management of factors. of production. (http://wikitionary.org/wiki/economys)In short, economics is the study of how people allocate their limited resources. What is demand? According to the economics textbook, “It refers to the range of quantities of a product a consumer is willing and able to purchase at different price levels at a given time. » In short, this is where customers are willing to buy with the money. The law of demand states that if everything remains constant (ceteris paribus), when the price is higher, the lower the quantity demanded. A demand curve displays quantity demanded as the independent variable (the x-axis) and price as the dependent variable (the y-axis). http://www.netmba.com/econ/micro/demand/curve/PriceQuantityDemanded$5.00 10$4.00 18$3.00 26$2.00 38$1.00 53In the graph, it shows the law of demand; as the price increases, there is a decrease in quantity...... middle of paper ...... whether the price increases or decreases.6. Government PoliciesThe introduction of new taxes, especially taxes on purchased goods, will surely decrease demand. The curve will move to the left. Difference Between Demand and Quantity Demanded Demand is where price is not the factor that will shift the demand curve to the left or right. There is no movement along the demand curve because the price remains the same even if there is a change in demand. The change in demand is represented by the shift in the demand curve. Quantity demanded is the factor in which price is the factor. Movement along the demand curve only occurs if there is a change in price. If there is movement along the curve, demand does not change. The change in quantity demanded is represented by movement along the demand curve. A change in the quantity demanded. A change in demand