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The difference between demand and quantity demanded is in the definition of them. Demand is the amount of demand at all possible prices; while quantity demanded is the amount â¦ of demand at a particular price. 21 people found this useful. Answered.
Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $36 is imposed in this market. Quantity demanded: Quantity supplied: Surplus: c. Determine the quantity demanded, the quantity supplied, and the magnitude of the shortage if a price ceiling of $22 is imposed in the market. Also, determine the full economic price paid by consumers. Quantity demanded: Quantity supplied: Shortage: Full economic price: $ Problem 02-09 (Algo) The supply curve for product X is given by Q X S = -340 + 10 P X . a. Find the inverse supply curve.