difference between expansion and contraction of demand (any four points )
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expansion in demand :means expanding of demand,eg;when the price of a commodity was 25rs it rises to 50rs that is expansion in demand.
contraction in demand :means contraction in demand eg:if the price of a commodity was 50rs it gets less to 25rs that is contraction in demand
contraction in demand :means contraction in demand eg:if the price of a commodity was 50rs it gets less to 25rs that is contraction in demand
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