Economy, asked by vanshfazilka072, 5 months ago

If the demand of a commodity
increases due to decrease in the
price of the commodity while all the
other factors affecting demand
remains constant, then it is called:
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Answers

Answered by theaditisingh12
5

When the demand increases as a result of price fall, this is known as Expansion of Demand . In other words, it states that rise in quantity demanded due to reduction in price of commodity, other factors remaining constant.

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