rescue; rescue disk; rescue dog; rescue grass; rescue mission; rescuer; resculpt; reseal; resealable; research; research and development
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.
And if the price goes down, the quantity demanded goes up. But what the Law of Demand does not tell us is how much the quantity demanded changes when the price changes. The Law of Demand tells us the direction in which quantity demanded will change, but it does not tell us the magnitude of that change.f price goes up and quantity remains unchanged, total revenue will rise. But the second effect is that quantity in fact will not remain unchanged. When price goes up, the quantity demanded (and therefore the quantity sold) goes down. And by itself, the lower quantity causes total revenue to go down.