Synthesis In this report I will distinguish demand and quantity demanded by stating the differences between both terminologies. By referring to the textbook we use in the course and resources from the Internet, I was able to gather some information on the definitions of demand and quantity demanded. The factors that influence the movement along the curve and the shift of the curve have been indicated in the following pages of this report. Demand and quantity required are different in terminology and also literally. The demand and quantity demanded curves have differences and can be seen in the figures I have pasted below. What is the economy? It is the study of the allocation, distribution and consumption of resources, capital and investment, and the management of factors of production. (http://wikitionary.org/wiki/economics) In short, economics is the study of how people allocate their limited resources. What is the question? According to the Economics textbook, "refers to the range of quantities of a commodity that a consumer is willing and able to purchase at different price levels at a given time." In short, it is where customers are willing to buy backed by money. The law of demand states that if everything remains constant (ceteris paribus) when the price is high the smaller the quantity demanded. A demand curve shows quantity demanded as the independent variable (the x-axis) and price as the dependent variable (the y-axis). http://www.netmba.com/econ/micro/demand/curve/PriceQuantityDemanded$5.00 10$4.00 18$3.00 26$2.00 38$1.00 53In the graph, show the law of demand; as the price increases there is a decrease in the quan...... half of the paper...... whether the price increases or decreases.6. Government policiesThe introduction of new taxes, especially taxes on purchased goods, will certainly decrease demand. The curve will shift to the left. Difference between Demand and Quantity DemandedDemand is where price is not the factor that will shift the demand curve to the left or right. There is no movement along the demand curve as the price remains the same even if there is a shift in demand. The change in demand is represented by the shift in the demand curve. Quantity demanded is where price is the factor. Movement along the demand curve occurs only if there is a change in price. If there is a movement along the curve, demand does not change. The change in quantity demanded is represented by the movement along the demand curve. A change in quantity demanded A change in demand