Economy, asked by vinaykumar1311977, 7 months ago

7. If the demand of a commodity
increases due to decrease in the
price of the commodity while all the
other factors affecting demand
remains constant, then it is called:​

Answers

Answered by Itzsweetcookie
2

Answer:

If the demand curve shifts upward, meaning demand increases but supply holds steady, the equilibrium price and quantity both increase. ... If the demand curve shifts downward, meaning demand decreases but supply holds steady, the equilibrium price and quantity both decrease.

Hope it's helpful

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