Page option will give you a distinct sheet for each values on the looping field
Level work with in the same page/Sheet to get the distinct charts
In my opinion the best way to learn the difference is by creating a testing report template with the a field as Level and then modify it by moving the field as a Page. Run a preview in both cases and compare the differences. I think this is very useful because adults learn very well by doing.
- Levels lets you to repeat a piece of a report for each value of the field added in the Levels node or for each row of the table added in the Levels node in the same Excel worksheet or Word page. About levels you can also check Creating Excel reports with nested levels and subtotals ‒ Qlik NPrinting
- Pages lets you to create a different Excel worksheet or Word page each value of the field added in the Levels node or for each row of the table added in the Levels node in the same. Each page will have the same structure but the data will be filtered for the value of the field or row table related with the page.
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