Economy, asked by abdulbavat17, 6 months ago

Explain expansion and contraction of demand along
with diagram​

Answers

Answered by priyanshukotiyal714
13

Explanation:

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. ... Expansion and contraction are represented by the movement along the same demand curve.

Answered by aartiyadav2664
1

Answer:

expansion of demand refers to the period when quantity demanded is more because of the falls in price of a product. however ,contraction of demand takes place when the quality demand is less due to rise in the price a product.

Similar questions