Economy, asked by shilpamohan11, 4 months ago

other things remaining the same,a rise in price of commodity leads to contraction of demand for it and a fall in price leads to expansion of demand for it expressed​

Answers

Answered by gautam2468
0

Explanation:

Expansion in demand refers to a rise in the quantity demanded due to a fall in the price of commodity, other factors remaining constant. ... It leads to a downward movement along the same demand curve.

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