Problem
(a) Distinguish between ‘Quantity Demanded' and ‘Demand Schedule'.
(b) Distinguish between ‘movement along demand curve' and ‘shift in demand curve'.
(c) By drawing a graph for the market demand and supply (of commodity X) show the conditions of ‘equilibrium', ‘excess demand', and ‘excess supply'.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.