State law of demand. Explain expansion of quantity demanded.
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LAW OF DEMAND ,states that other thingsremaining constant there is an inverse relationship between quantity demand and own price of the commodity .
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EXTENSION OF DEMAND
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>Extension of demand refers to increase in quantity demand due to decrease in own price of the commodity .
>Extension of demand leads to downward movement along the demand curve from left to right .
HOPE THIS HELPS YOU ☺️
LAW OF DEMAND ,states that other thingsremaining constant there is an inverse relationship between quantity demand and own price of the commodity .
-------------------------------------------------------
EXTENSION OF DEMAND
⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
>Extension of demand refers to increase in quantity demand due to decrease in own price of the commodity .
>Extension of demand leads to downward movement along the demand curve from left to right .
HOPE THIS HELPS YOU ☺️
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