Demand vs. Quantity Demanded — What's the Difference?
Edited by Tayyaba Rehman — By Fiza Rafique — Published on November 13, 2023
Demand refers to the overall desire for a product at various prices. Quantity Demanded is the specific amount sought at a particular price.
Difference Between Demand and Quantity Demanded
Table of Contents
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Key Differences
Demand encompasses a broader concept in economics, representing the entire relationship between the price of a good and the quantity of that good that consumers are willing to purchase. This relationship is often illustrated through a demand curve, which shows how the quantity demanded changes as the price varies. Quantity Demanded, on the other hand, pinpoints a specific point on the demand curve, indicating the exact quantity consumers are willing to purchase at a given price.
For instance, if we were to say there's a high Demand for organic produce, we are suggesting that, across a range of prices, there's a significant desire or need for organic products. However, when we specify that the Quantity Demanded for organic apples is 1,000 units at a price of $2 per apple, we're pinpointing a specific point on the demand curve for organic apples at that price.
The Demand for a product can be influenced by several factors like income levels, tastes and preferences, or the prices of related goods. These factors shift the entire demand curve. However, the Quantity Demanded changes mainly due to changes in the product's own price, representing a movement along the demand curve, not a shift of the curve.
In summary, while both Demand and Quantity Demanded are intertwined concepts in economics, they have distinct meanings. Demand represents a broader relationship between prices and quantities, whereas Quantity Demanded zeros in on the specific quantity consumers desire at a singular price.
Comparison Chart
Definition
Overall desire for a product at various prices
Specific amount sought at a particular price
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Representation
Demand curve
Point on the demand curve
Influencing Factors
Income, tastes, prices of related goods, etc.
Primarily the product's own price
Change Result
Shifts the entire demand curve
Movement along the demand curve
Scope
Broader, encompassing a range of prices
Narrow, specific to a single price
Compare with Definitions
Demand
The entire relationship between product price and quantity desired.
The demand for electric cars has grown as environmental awareness increases.
Quantity Demanded
The precise volume of goods that the market desires at a particular price level.
When the price of milk dropped by 10%, the quantity demanded increased by 200 liters.
Demand
Consumers' willingness to buy a good/service at different prices.
The introduction of new features increased the demand for smartphones.
Quantity Demanded
A particular point on the demand curve.
A decrease in price from $10 to $8 saw the quantity demanded of hats increase from 50 to 70.
Demand
To ask for urgently or peremptorily
Demand an investigation into the murder.
Demanding that he leave immediately.
Demanded to speak to the manager.
Quantity Demanded
The exact amount that consumers are ready to purchase for a set price.
The quantity demanded for concert tickets at $50 each was 500 tickets.
Demand
To claim as just or due
Demand repayment of a loan.
Quantity Demanded
The specific number of units buyers seek at a given price.
The quantity demanded for designer shoes dropped when the price rose above $200.
Demand
To ask to be informed of
Demanded an explanation for the interruption.
Quantity Demanded
The exact amount of a good consumers are willing to buy at a specific price.
At $5 per sandwich, the quantity demanded was 100 sandwiches.
Demand
To require as useful, just, proper, or necessary; call for
A gem that demands a fine setting.
Demand
To lay legal claim to; claim formally.
Demand
To ask that (something) be done in accordance with a legal requirement.
Demand
To make a demand.
Demand
An act of demanding; an urgent request.
Demand
Something demanded
On strike until they get their demands.
Demand
An urgent requirement or need
The heavy demands of her job.
The emotional demands of his marriage.
An increased oxygen demand.
Demand
The state of being sought after
In great demand as a speaker.
Demand
(Economics) The desire for goods or services in an economy, measured as the amount people are ready to buy at a given price
Supply should rise to meet demand.
Demand
A formal claim.
Demand
A request that some act be done or payment made in accordance with a legal requirement.
Demand
(Archaic) An emphatic question or inquiry.
Demand
The desire to purchase goods and services.
Prices usually go up when demand exceeds supply.
Demand
(economics) The amount of a good or service that consumers are willing to buy at a particular price.
Demand
A forceful claim for something.
Modern society is responding to women's demands for equality.
Demand
A requirement.
His job makes many demands on his time.
There is a demand for voluntary health workers in the poorer parts of Africa and Asia.
Demand
An urgent request.
She couldn't ignore the newborn baby's demands for attention.
Demand
An order.
Demand
(electricity supply) More precisely peak demand or peak load, a measure of the maximum power load of a utility's customer over a short period of time; the power load integrated over a specified time interval.
Demand
To request forcefully.
I demand to see the manager.
Demand
To claim a right to something.
The bank is demanding the mortgage payment.
Demand
To ask forcefully for information.
I demand an immediate explanation.
Demand
To require of someone.
This job demands a lot of patience.
Demand
(legal) To issue a summons to court.
Demand
To ask or call for with authority; to claim or seek from, as by authority or right; to claim, as something due; to call for urgently or peremptorily; as, to demand a debt; to demand obedience.
This, in our foresaid holy father's name,Pope Innocent, I do demand of thee.
Demand
To inquire authoritatively or earnestly; to ask, esp. in a peremptory manner; to question.
I did demand what news from Shrewsbury.
Demand
To require as necessary or useful; to be in urgent need of; hence, to call for; as, the case demands care.
Demand
To call into court; to summon.
Demand
To make a demand; to inquire.
The soldiers likewise demanded of him, saying, And what shall we do?
Demand
The act of demanding; an asking with authority; a peremptory urging of a claim; a claiming or challenging as due; requisition; as, the demand of a creditor; a note payable on demand.
The demand [is] by the word of the holy ones.
He that has confidence to turn his wishes into demands will be but a little way from thinking he ought to obtain them.
Demand
Earnest inquiry; question; query.
Demand
A diligent seeking or search; manifested want; desire to possess; request; as, a demand for certain goods; a person's company is in great demand.
In 1678 came forth a second edition [Pilgrim's Progress] with additions; and then the demand became immense.
Demand
That which one demands or has a right to demand; thing claimed as due; claim; as, demands on an estate.
Demand
The asking or seeking for what is due or claimed as due.
Demand
The ability and desire to purchase goods and services;
The automobile reduced the demand for buggywhips
The demand exceeded the supply
Demand
An urgent or peremptory request;
His demands for attention were unceasing
Demand
A condition requiring relief;
She satisfied his need for affection
God has no need of men to accomplish His work
There is a demand for jobs
Demand
The act of demanding;
The kidnapper's exorbitant demands for money
Demand
Required activity;
The requirements of his work affected his health
There were many demands on his time
Demand
Request urgently and forcefully;
The victim's family is demanding compensation
The boss demanded that he be fired immediately
She demanded to see the manager
Demand
Require as useful, just, or proper;
It takes nerve to do what she did
Success usually requires hard work
This job asks a lot of patience and skill
This position demands a lot of personal sacrifice
This dinner calls for a spectacular dessert
This intervention does not postulates a patient's consent
Demand
Claim as due or just;
The bank demanded payment of the loan
Demand
Lay legal claim to
Demand
Summon to court
Demand
Ask to be informed of;
I demand an explanation
Demand
The overall need or desire for a product in the market.
The health trend has elevated the demand for kale and other leafy greens.
Demand
A representation of how quantity sought varies with price.
Economic downturns usually decrease the demand for luxury goods.
Demand
The aggregate inclination to purchase a good/service.
With rising temperatures, there's been a surge in the demand for air conditioners.
Common Curiosities
What are the determinants of demand?
They include price, income levels, tastes and preferences, prices of related goods, and expectations about future prices, among others.
What is Demand?
Demand refers to the desire, willingness, and ability of consumers to purchase a particular good or service at a given price.
What is "elasticity of demand"?
It measures how much the quantity demanded of a good responds to changes in its price.
How is it different from desire?
While desire refers to a wish to possess a good, demand involves both the desire and the ability to purchase it.
Does a higher price always mean lower demand?
Not necessarily. While the law of demand states that there's an inverse relationship between price and quantity demanded, other factors can also influence demand.
What's a "demand curve"?
A graphical representation showing the relationship between the price of a good and the quantity demanded.
How does advertising affect demand?
Effective advertising can increase demand by influencing tastes, preferences, and awareness of a product.
Is demand static?
No, demand can change due to various factors, making it dynamic.
Is demand always rational?
While classical economics assumes rationality, behavioral economics suggests that consumers often make irrational decisions.
What is "derived demand"?
It's demand for a good that arises from the demand for another good. For example, the demand for leather (derived) increases when the demand for leather shoes rises.
Can quantity demanded change without a change in price?
Generally, a change in quantity demanded is a result of a price change. If quantity changes without a price change, it's usually referred to as a change in demand.
What's the significance of movement along the demand curve?
A movement along the demand curve represents a change in quantity demanded, usually due to a price change.
How is it different from Demand?
While "demand" represents a relationship between price and quantity, "quantity demanded" is a specific point on that curve for a particular price.
What is Quantity Demanded?
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a given price.
Does quantity demanded always decrease when the price rises?
According to the law of demand, all else being equal, an increase in price typically results in a decrease in quantity demanded.
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Written by
Fiza RafiqueFiza Rafique is a skilled content writer at AskDifference.com, where she meticulously refines and enhances written pieces. Drawing from her vast editorial expertise, Fiza ensures clarity, accuracy, and precision in every article. Passionate about language, she continually seeks to elevate the quality of content for readers worldwide.
Edited by
Tayyaba RehmanTayyaba Rehman is a distinguished writer, currently serving as a primary contributor to askdifference.com. As a researcher in semantics and etymology, Tayyaba's passion for the complexity of languages and their distinctions has found a perfect home on the platform. Tayyaba delves into the intricacies of language, distinguishing between commonly confused words and phrases, thereby providing clarity for readers worldwide.
