Economy, asked by viviankamal200p8v7xi, 1 year ago

difference between contraction of demand and decrease in demand

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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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