ECON6000: Analysis of Demand Curve and Quantity Demanded

This discussion post from an ECON6000 module analyzes the fundamental differences between the demand curve and quantity demanded, crucial concepts in economics. It explains that the demand curve represents the relationship between price and quantity demanded, illustrating how changes in price lead to movements along the curve. Quantity demanded, on the other hand, refers to the specific amount consumers desire at a given price, and changes in factors other than price, such as income, shift the entire demand curve. The post provides a graphical representation to compare and contrast these concepts, clarifying how shifts in the demand curve occur due to changes in consumer income, thereby impacting the quantity demanded. The provided references further support the understanding of these core economic principles.