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Demand — Economics STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsDemand2 Marks
Question
What is increase – decrease in demand and expansion – contraction of demand?
✓

Answer

  • If other factors remain constant, the change in demand to the change in price is known as expansion – contraction of demand.
  • If price of commodity remain constant, the change in demand due to change in other factors then it is called increase-decrease in demand.

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