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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.
The law of demand says that the higher the price, the lower the quantity demanded, because consumersâ opportunity cost to acquire that good or service increases, and they must make more tradeoffs to acquire the more expensive product. BREAKING DOWN 'Law Of Demand'