Economy, asked by avaneeshkshirsagar51, 9 months ago

Expansion of demand and contradion of demand.

Answers

Answered by jayswalnitesh321

Answer:

Expansion

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

Answered by anjanimanchiraju

Answer:

expansion of demand means when the price of a commodity falls the demand of consumers increase causing higher demand and less price , contraction of demand is where the the price of a commodity increases the demand of the commodity falls.

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