Economy, asked by shailyamitsoni, 4 months ago

Decrease in quantity demanded is also known as contraction in demand of a good. true or false​

Answers

Answered by Anonymous
3

Answer:

Hope it helps!! Mark this answer as brainliest if u found it useful and follow me for quick and accurate answers...

Explanation:

Contraction of demand is the result of Increase in the price of the commodity concerned. The demand for a commodity changes due to a change in price. It is called extension and contraction of demand.

∴ True

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