You are here

# Demand vs. Quantity Demanded

It has been observed that many of the students do not understand the key concept of Demand vs. Quantity Demanded, which needs to be understood before studying other theories of economics. This article will reveal the hidden insights of Demand vs. Quantity Demanded. So let’s get started

Do you observe that the necessities of life like water, food, clothes, etc. are cheaper or inexpensive in the daily routine life while luxurious goods like gold, cars, etc. are expensive? The law which is working behind the scene is the law of demand. A law which tells us how much demand of a consumer or group of consumers is being affected by his/their income, price of a particular good, change in the prices of complementary and substitute goods, their taste and preferences, etc.

The key difference between demand and quantity demanded is, prior shows the willingness and ability of a person to purchase good while later one shows how much someone wants to buy at a certain price.

## Demand and Quantity Demanded: Differences at Glance

There are 6 main differences between which are hereunder

1. Difference in Meaning

Demand represent or define the only the willingness and affordability of consumer for any economic good.

Quantity demanded represent or define the exact amount of good (how much) demanded by the consumer on a specific price level.

2. Difference in Concept

Demand provides the list of quantities which would be purchased at a different price level.

Quantity demanded provides the actual quantity which is demanded at a specific price.

3. Difference w.r.t Change

Demand leads to an increase or the decrease in the demand curve.

Quantity demanded leads to expand or contract the demand curve.

4. Difference in Reasons working behind both

Demand is affected by many other factors and the price is one of them.

Quantity demanded is only affected by price.

5. Difference in Measurement/Movements

Demand leads to an upward or downward the shift in the demand curve.

Quantity demanded leads to a movement along the demand curve.

6. Difference w.r.t Consequences of Change in Price

With the change in the price level, no major change has occurred in demand.

Quantity demanded has also been changed with the change in price.

## Demand vs. Quantity Demanded: A Graphical Elaboration/Presentation

### What is Demand?

The demand depends upon the three major factors, first is “desire” to purchase a particular commodity, second is “availability of means” to purchase a particular commodity and third is “willingness” of the consumer to utilize available means to purchase a product/commodity. All of these three components are important for the creation of demand. If any of above-mentioned factors are missing then that it is not demanded because of only “availability of means” and “desire” does not lead to demand if the consumer is not willing to spend/consume them for the achievement of a particular commodity.

It is, therefore, decided that the purchase of different quantities of a particular good or service at different price levels/price of related goods/income is known as demand. Figure 1 shows the demand curve which is showing/representing the properties of demand by shifting the demand curve. This shift is caused by many factors like consumer’s taste and preferences, income level, price of substitute or complementary goods, etc. The curve D is the original demand curve while D1 is showing an increase in the demand and D2 showing a decrease in the demand curve.

Figure 1: Demand Curve showing/representing properties of Demand.

### What is Quantity Demanded?

Quantity demanded shows/means how much a consumer or bunch of consumers buy an economic good or service at a given price level. Quantity demanded has two major points first it always defined at a given price level which means there should be different quantities at different prices. Second, it is a flow concept because quantity demanded is the continuous purchase of economic commodity or service rather a single purchase.

Figure 2 shows the demand curve which is representing the properties of quantity demanded. The demand curve D showing 3 different quantities at 3 different price levels. The movements along with the demand curve are the property of quantity demanded. The upward movement is showing contraction in quantity demanded while downward movement is showing expansion in quantity demanded.

Figure 2: Demand Curve showing/representing properties of Quantity Demanded.

## 32 thoughts on “Demand vs. Quantity Demanded”

1. Clemencia Muckenfuss says:

Asking questions are genuinely nice thing if you are not understanding anything fully, but this post gives fastidious understanding even.|

2. Nestor Wymore says:

I think the admin of this web page is actually working hard for his site, for the reason that here every material is quality based stuff.|

1. Thanks and keep visiting.

3. Alayna Rabel says:

Howdy! This post could not be written any better! Reading this post reminds me of my good old room mate! He always kept talking about this. I will forward this page to him. Pretty sure he will have a good read. Thanks for sharing!|

1. Thanks and sure you should forward it.

4. Francina Cookingham says:

This is my first time go to see at here and i am truly happy to read all at one place.|

1. Thanks and keep visiting.

5. Valentine Knost says:

My family always say that I am wasting my time here at web, except I know I am getting prepare for exams by reading such posts.

1. Thanks and we will continue to contribute in the society.

6. Denna Unrau says:

hello!,I really like your writing so so much! percentage we keep up a correspondence extra approximately your article on AOL? I need a specialist in this house to solve my problem. Maybe that’s you! Looking forward to see you. |

7. Tyson Phetsanghane says:

With havin so much content and articles do you ever run into any issues of plagorism or copyright violation? My website has a lot of unique content I’ve either authored myself or outsourced but it appears a lot of it is popping it up all over the internet without my agreement. Do you know any methods to help stop content from being ripped off? I’d definitely appreciate it.|

1. You are suggested to use copyright content.

8. Rickie Linardi says:

Hey there! I just would like to give you a big thumbs up for the excellent information you have got here on this post. I will be returning to your site for more soon.|

1. Thanks and we will always welcome you.

9. I don’t even know how I ended up here, but I thought this post was great. I do not know who you are but definitely you are going to a famous blogger if you are not already 😉 Cheers!|

1. Thanks for the compliment. 🙂

10. Deane Berrigan says:

Wow that was strange. I just wrote an extremely long comment but after I clicked submit my comment didn’t appear. Grrrr… well I’m not writing all that over again. Anyways, just wanted to say superb blog!|

11. Marybelle Hobell says:

No matter if someone searches for his necessary thing, thus he/she wishes to be available that in detail, so that thing is maintained over here.|

12. Hannah Fote says:

Hey there! Would you mind if I share your blog with my zynga group? There’s a lot of people that I think would really appreciate your content. Please let me know. Thank you|

13. Gil Ringdahl says:

Tremendous things here. I am very glad to peer your article. Thank you so much and I am taking a look ahead to touch you. Will you please drop me an e-mail?

14. Tuan Mandy says:

This is the perfect webpage for anyone who wishes to understand this topic. You understand so much its almost tough to argue with you. You definitely put a brand new spin on a subject which has been written about for many years. Excellent stuff, just great!|

15. Gaynell Sermersheim says:

Good respond in return of this matter with real arguments and explaining all regarding that.|

16. Jazmine Cassard says:

Hi, I do think this is an excellent website. I stumbledupon it 😉 I am going to come back once again since I saved as a favorite it. Money and freedom is the greatest way to change, may you be rich and continue to help other people.|

17. Jon Corbeil says:

I’m impressed, I have to admit. Rarely do I encounter a blog that’s both educative and amusing, and without a doubt, you’ve hit the nail on the head. The problem is an issue that not enough men and women are speaking intelligently about. I am very happy I stumbled across this during my hunt for something relating to this.|