Economy, asked by kreetikejriwal, 29 days ago

what is meant by expansion in demand? explain it with the help of a schedule and a diagram.

Answers

Answered by haswithamandadapu

4

Answer:

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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