Welcome to another episode of my podcast. This episode discusses the fundamental difference between demand and quantity demanded. Demand simply denotes the willingness and the person’s ability to purchase. Quantity demanded represents the amount goods and services desired by consumer at a fixed price.
Welcome to another episode of my podcast. If you were to plot out how many units you would buy at different prices, then you’ve created a demand curve. It graphically portrays the data in the demand schedule.
Welcome to another episode of my podcast. In this episode I will discuss how technological change makes it possible to shift the production possibilities frontier outwards by producing more from the same available resources.