Question
Distinguish between a change in quantity demanded and a change in demand. In your response, identify a determinant of demand and provide an example of
Distinguish between a change in quantity demanded and a change in demand. In your response, identify a determinant of demand and provide an example of how a change in that determinant will change market conditions. Likewise, distinguish between a change in quantity supplied and a change in supply. In your response, identify a determinant of supply and provide an example of how a change in that determinant will change market conditions. Explain how the principles of demand and supply contribute to the development of the market process and how they impact decision making in organizations.
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