Change in Demand vs Change in Quantity Demanded

This video shows the difference between a change in demand and a change in quantity demanded. A change in quantity demanded occurs in response to a change in price (holding other factors constant) and causes a movement along the demand curve. A change in demand occurs in response to something other than a change in price (e.g., a change in consumers' preferences) and causes the demand curve to shift. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like Edspira on Facebook, visit https://www.facebook.com/Edspira To sign up for the newsletter, visit http://Edspira.com/register-for-newsletter Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin To follow Michael on Facebook, visit https://www.facebook.com/Prof.Michael.McLaughlin