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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.
Inelastic demand is when the quantity demanded changes less than the price does. Unit elastic demand is when the quantity demanded changes the same percent that the price does. Formula. The formula for elastic demand is the percent change in quantity demanded divided by the percent change in price.