Question

contraction of demand​

Answer 1

Answer:

Contraction in demand refers to a fall in the quantity demanded due to a rise in the price of commodity, other factors remaining constant. ADVERTISEMENTS: i. It leads to an upward movement along the same demand curve.

Answer 2

Answer:

contraction in demand refers to a fall in the quantity demanded due to a rise in the price of commodity, other factors remaining constant . ADVERTISEMENTS : i . it leads to an in upward movement along the same demand curve.