Economy, asked by sukickz, 3 months ago

what is expansion and contraction of demand curve​

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Answered by beautyqueen1137
6

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Expansion of demand refers to the period when quantity demanded is more because of the fall in prices of a product. However, contraction of demand takes place when the quantity demanded is less due to rise in the price o a product. ... Expansion and contraction are represented by the movement along the same demand curve

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