Question

when is there possibility of expansion of demand​

Answer 1

Answer:

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Answer 2

The expansion in demand can be a result of a change in the commodity prices.

• Demand represents the number of customers who are willing to buy the commodities at different prices within a given period of time
• Demand expansion refers to an increase in the quantity requested due to a reduction in the price of the product, with other variables remaining constant.
• It contributes to a downward sloping along the same curve of demand.