Question

difference between expension in demand and contraction in demand with the help or diagram​

Answer 1

Answer:

Theory Of Consumer Behaviour. Distinguish between extension of demand and contraction of demand with the help of a diagram. ... It results in downward movement along a demand curve. On the other hand, fall in demand due to rise in price of a commodity itself, other things remaining the same, is called contraction of demand .

Explanation:

Expansion of demand refers to the period when quantity demanded is more because of the fall in prices of a product. However, contraction of demand takes place when the quantity demanded is less due to rise in the price o a product. ... Expansion and contraction are represented by the movement along the same demand curve.