Question

extension and contraction of demand

Answer 1

Heya..


Extension of demand....

It refers to increase in demand due to decrease in own price of commodity and other factors of demand is constant...

It causes only downward movement in demand curve with left to right...

Contraction of demand....

It refers to decrease in quantity demand by increase in own price of commodity. and constant in other factors...

It cause only upward movement in demand curve from right to left....

Answer 2

$\textbf{Extension of Demand }$

It refers to increase in demand due to decreases in price of commodity and other factors of deamd is constant.

It causes only downward movement in deamd curve with left to right.

$\textbf{Contraction of Deamand }$

It refers to decrease in quantity demand by increses in own price of commodity and constant in other factors.

It causes only upward movement in deamd curve from right to left.