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Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour3 Marks
Question
‘Change in demand’ and ‘change in quantity demanded’.
✓

Answer

Change in demand due to change in own price of the given good is called change in quantity demanded. Change in demand of a good due to any factor other than the own price of the good is called ‘change in demand’.

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