Question

Distinguish between contraction of quantity demanded and decrease in demand of a commodity

Answer 1

Heya....

Contraction of demand...

** It refers to decrease in Quantity demanded due to increase in It's own price...

** It leads to upward movement along the demand curve from right to left...

Decrease in demand....

** It refers to decrease in Quantity even when own price of commodity remains constant..

** It leads to backward shift in demand curve....

Answer 2

hope it help you.....