Written/Composed by:- Adnan Maqbool , Contact # 0315-3130411 My Youtube Channel: InformationPk Website: www.informationpk.com , E-mail:
[email protected] Micro Economics I.Com/D.com/FA/FSc/BA/BSc/ B.com/ BS/BBA/MBA/M.Com/ACCA Visit: www.informationpk.com for Notes, Past papers, Home Tuition and more. Page | 1 Qua nti ty De ma nded :- Qu an tity d eman d is a sp ecific quan tity th at b u yer s ar e wi llin g an d ab le t o b u y at a sp ecific p ric e. It is b u t on e p oin t on a d eman d cu rv e. De ma n d:- Deman d is th e ran g e o f q u an tities th at b u yers are wi llin g an d ab le t o b u y a t a ran g e of d eman d p ric es. It is a ll p oin ts th at mak e u p a d ema n d cu rv e. Cha ng e in qua n tity de ma nd ed r ef ers to ch an g e in th e q u an tity p u rch ased d u e to i n creas e o r d ec r eas e in th e p rice of a p r od u ct. Ch an ges in q u an tity d eman d ed can b e measu r ed b y th e mo ve me nt a lo ng the de ma nd c urve Ch an ge in q u an tity d eman d ed r ef ers t o e xpa nsio n o r co ntra ctio n o f d eman d www.Informationpk.com
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