What is Supply and Demand?
When we are talking about demand, there are two different demands that deal with the concept of Demand and Supply. There is quantity demanded and there is just the demand. When we are talking about the quantity demanded, it only moves on the demand line. When the quantity demanded changes it's because of a price change. When the actual demand curve changes, there are multiple reasons as to why it would have changed. People's income could have changed, their taste, substitutes, complements, expectations, or the number of people buying it. The quantity demanded would only change the spot on the demand curve, the actual demand curve would change because of the six things I mentioned before.
When we talk about supply, the two things that are included in that are the supply curve, and the quantity supplied. When were talking about the supply demanded, that is when the price changes. When the supply curve changes it is because the cost of the resource, the productivity, technology, and the taste and subsides. So when the quantity supplied changes, it just moves along the supply curve, and when the supply curve changes. It is because of the things I mentioned above.
When we talk about supply, the two things that are included in that are the supply curve, and the quantity supplied. When were talking about the supply demanded, that is when the price changes. When the supply curve changes it is because the cost of the resource, the productivity, technology, and the taste and subsides. So when the quantity supplied changes, it just moves along the supply curve, and when the supply curve changes. It is because of the things I mentioned above.