Difference in shift in demand-change in quantity demanded

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1. With respect to three goods- ice cream, green tea, and digital cameras, what does it mean when your preference for, and satisfaction

2. What is the difference between a “shift in demand” (an increase or decrease in demand) and a “change in the quantity demanded”? What do these concepts have to do with endogenous and exogenous variables? Can we say that a “change in the quantity demanded” is due to a shift in an exogenous variable?

Reference no: EM131090424

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