Question

Differenciate between Extension of Demand and Increase in Demand​

Answer 1

Answer:

Extension of demand:

1.when fall in price the, demand for commodity rises,then it is called Extension of demand.

2.It is caused due to fall in price.

3.There are downward movement in demand.

Increase in demand:

1.When a given price large quantity is purchased due to change in factors.

2.It is caused by the charges in the factors.

3.Consumers of the demand curve shift to the right.

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