Lemonade Economics
Lemonade sale illustrates the difference between change in demanded vs change in quantity demanded.
Glossary:
demand vs quantity demanded
Demand generally refers to the whole demand curve while quantity demanded refers to a point on the demand curve. A movement along a demand curve in response to a change in own price is called a change in quantity demanded, while a change in demand involves a physical shift of the demand curve in response to changes in factors other than own price.
