Question

What is the difference between shifts in demand vs. changes in quantity demanded?

Answer 1

We need to understand the difference between demand and quantity demanded

When the only factor present is price then there is change in the quantity demanded

This is shown by the movement of the demand curve

The movement can be either upwards on onwards

But if more than price factors are involved like

Priceof related goods (substitutes),

Income level of consumers

Number of buyers

Taste and preferences and

Expectations

Then this will cause the shift of demand curve

The shift can be either leftwards or rightwards