Economy, asked by karmajeetsinh, 6 months ago

when is there possiblity of expansion - contraction of demand

Answers

Answered by AbhiThakur07

Explanation:

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.

Answered by Aakansika

Answer:

Expansion of demand refers to the period when quality demanded is more because of the fall prices of a product , however contraction of demand takes place when the quantity is less due the rise in the price of a product.

Explanation:

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