Economy, asked by fgsge, 10 months ago

What you mean by contraction of demand

Answers

Answered by CᴀɴᴅʏCʀᴜsʜ

3

Answer:

when the quantity demanded decreases as a result of an increase in the price of the commodity, it is called contraction in demand.

Answered by Imanu02

10

Answer:

Contraction of demand means fall in demand of a commodity due to increase in the price of commodity and the other things being equal

Thanks❤

Previous Question

Next Question

Similar questions

English, 5 months ago

The king announced a reward to anyone who...

Physics, 5 months ago

give the reasons for production of sound...

Math, 5 months ago

express each of the following ratios in its simplest form ; 2 years : 9 monts step by step plz shraddha di yah divya di plz give the answer or any body else who now the answer step by step...

Geography, 10 months ago

attrition write in short note give me and plz...

Economy, 10 months ago

What you mean by decrease in demand...

English, 1 year ago

How were the two boys useful for the author...

Physics, 1 year ago

тнє αиgℓє σf мιиιмυм ∂єνιαтισи fσя ωαтєя...

Chemistry, 1 year ago

plsssss.,. guys answer it fastly...