What is extension and increase in demand????
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Expansion in Demand: 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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Heya....
"""" EXTENSION OF DEMAND ....
** Meaning
It refers to the movement along with demand curve and change in quantity demanded...
** Reason
It occurs due to change in own price of the commodity and the factors of demand remains constant....
** Effect
It creates downward movement along with the demand curve....
""" INCREASE IN DEMAND....
** Meaning
It creates the shift in demand curve and change the total demand....
** Reason
It occurs due to change in all the determinants of demand except own price of the commodity....
** Effect...
It creates a rightwards shift along with the demand curve....
-- Be Brainly....
"""" EXTENSION OF DEMAND ....
** Meaning
It refers to the movement along with demand curve and change in quantity demanded...
** Reason
It occurs due to change in own price of the commodity and the factors of demand remains constant....
** Effect
It creates downward movement along with the demand curve....
""" INCREASE IN DEMAND....
** Meaning
It creates the shift in demand curve and change the total demand....
** Reason
It occurs due to change in all the determinants of demand except own price of the commodity....
** Effect...
It creates a rightwards shift along with the demand curve....
-- Be Brainly....
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