what is meant by contraction in demand.
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The demand for a commodity changes due to a change in price.It is called contraction of demand .When there is decrease in price of commodity there is in increase in demand of that commodity .
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The demand for a commodity changes due to a change in price.It is called contraction of demand .When there is decrease in price of commodity there is in increase in demand of that commodity .
HOPE IT HELPS U☆☆☆
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The demand for a commodity changes in price.when there is decrease in price of commodity there is increase in demand of that commodity.
In economics,the extension and construction in demand are used when the quantity demanded rises or falls as a result of changes in price and we move along a given demand curve
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Hope it helps.
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The demand for a commodity changes in price.when there is decrease in price of commodity there is increase in demand of that commodity.
In economics,the extension and construction in demand are used when the quantity demanded rises or falls as a result of changes in price and we move along a given demand curve
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Hope it helps.
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