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The difference between demand and quantity demanded is in the definition of them. Demand is the amount of demand at all possible prices; while quantity demanded is the amount â¦ of demand at a particular price. 21 people found this useful. Answered.
Law of Demand. The law of demand explains the relationship between change in quantity demanded and change in price. It states that higher the price lower will be the quantity demanded in the market: and the lower the price, the higher would be the quantity demanded in the market. In other words, the law of demand says that the price and quantity demanded are inversely related, all other things being equal. Assumptions' of law of demand: 1). Customer income level should remain constant in all times. 2). Tastes and preference of consumers should not change. 3). Prices of other goods should remain constant. 4).