Explain the differences between a change in quantity demanded of ice cream and a change in the demand of ice cream.

A change in quantity demanded is as a result of a change in price. It leads only to movement along the demand curve. If price increases, quantity demanded falls and if price falls, quantity demanded rises.

A change in demand for icecream in caused by other factors other than the price of Ice cream. Some of these factors include:

1. Taste

2. Weather

3. Change in price of substitutes

4. Expectations

A change in demand leads to the demand curve either shifting to the left or to the right.

Explanation:

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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