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Theory of consumer behaviour — Economics STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEconomicsTheory of consumer behaviour3 Marks
Question
Distinguish between 'increase in demand' and 'increase in quantity demanded' of a good.
✓

Answer

When demand of a good rises due to a fall in its price, it is called 'increase in quantity demanded' and when demand of a good rises at the same price of the good, it is called 'increase in demand.'

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