Economy, asked by viviankamal200p8v7xi, 1 year ago

difference between contraction of demand and decrease in demand

Answers

Answered by Arsalan78666

Contraction of demand shows the changes on the same demandcurve. Here there is an upward movement along the samedemand curve. Contraction of demand occurs when there is a rise in the price of the product. ...Contraction in demand is caused only due to the price factor.

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