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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.
It is calculated as the percentage change in quantity demanded to a percentage change in price . When quantity demanded is very responsive to a change in price we say demand is elastic; when quantity demanded is not very responsive to a change, we say that demand is inelastic.