Elementary Theory of Demand — Economics STD 10 — Question
ICSE BoardEnglish MediumSTD 10EconomicsElementary Theory of Demand1 Mark
Question
What is meant by increase in demand?###When does 'increase' in demand take place?
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Answer
Increase in demand refers to a rise in the demand of a commodity caused due to any factor other than the own price of the commodity. Here, more quantity is demanded at the same price.
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