Question

2.
demand and contradion of demand​

Answer 1

Answer:

Differentiate between contraction of demand and decrease in demand, using diagrams. Contraction of demand refers to the increase in own price of the commodity. This is caused by change in own price of the commodity. Decrease in demand is caused by change in determinants other than own price of the commodity

Explanation:

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Answer 2

Answer:

Expansion of demand refers to the period when quantity demanded is more because of the fall in prices of a product. However, contraction of demand takes place when the quantity demanded is less due to rise in the price o a product.

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