Question

Difference of'Demand extension' and 'Decrease in demand'​

Answer 1

Answer:

Difference between extension of demand and increase in demand. Extension of demand refers to increase in quantity demanded due to decrease in own price of the commodity while increase in demand refers to increase in quantity demanded even when own price of the commodity is constant.

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Answer 2

Difference between extension of demand and increase in demand. Extension of demand refers to increase in quantity demanded due to decrease in own price of the commodity while increase in demand refers to increase in quantity demanded even when own price of the commodity is constant.