Q1. B. Give economic term
A situation where more quantity is demanded at lower price.
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A situation where more quantity is demanded at lower price expansion of demand. Explanation: Expansion of demand refers to a rise in quantity demanded due to falling in price alone while other factors like tastes, the income of the consumer, size of the population, etc.
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Answer:
A situation where more quantity is demanded at lower price expansion ofdemand. Explanation: Expansion ofdemand refers to a rise in quantity demanded due to falling in price alone while other factors like tastes, the income of the consumer, size of the population, etc.
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