Distinguish between the following: (a) wants and effective demand; [5 marks] (b) demand schedule and demand e; [5 marks] (c) individual demand and market de...

Question 1 Report

Distinguish between the following:

(a) wants and effective demand; [5 marks]

(b) demand schedule and demand e; [5 marks]

(c) individual demand and market demand, [5 marks]

(d) change in demand and change in quantity demanded. [5 marks]