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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.
The relationship between price and the quantity bought is guided by the Law of Demand. Inelastic demand is one of three types of demand elasticity. It describes the responsiveness of demand to price changes. Elastic demand: When the quantity demanded changes more than the price does.