Question

distinguish between increase and expantion in demand
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Answer 1

Answer:

(i) When the quantity demanded rises due to a decrease in own price of the commodity, keeping other factors constant, it is known as expansion of demand whereas when the quantity demanded rises due to a change in other facotrs other than own price of the commodity it is known as Increase in Demand.

Answer 2

(i) When the quantity demanded rises due to a decrease in own price of the commodity, keeping other factors constant, it is known as expansion of demand whereas when the quantity demanded rises due to a change in other facotrs other than own price of the commodity it is known as Increase in Demand.