Economy, asked by gaurav1000, 1 year ago

write difference between expansion in demand & increase in demand

Answers

Answered by Verma1111
1
There is contraction of demand for a commodity when there is increase in the price of commodity. ... This means that at any given price, a higher quantity is demanded now than before the expansion. Changes in demandrelate to movement along the curve, whereas expansion refers to thedemand curve itself shifting.
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