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प्रश्न
Distinguish between ‘decrease in demand’ and ‘decrease in quantity demanded’ of a commodity.
फरक स्पष्ट करा
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उत्तर
| Basis of Difference | Decrease in Demand | Decrease in Quantity Demanded |
|---|---|---|
| Meaning | Demand falls due to a factor other than the good’s own price | Quantity demanded falls because the good’s own price rises |
| Cause | For example, lower income for a normal good or a rise in the price of a complement | Rise in own price |
| Curve effect | Leftward shift of the demand curve | Upward movement along the same demand curve |
| Other factors | A non-price determinant changes | Assumed constant |
| Related term | Change in demand | Contraction in demand |
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