Advertisements
Advertisements
प्रश्न
Identify the following as expansion, contraction, decrease or increase in demand.
| Price (₹) | Demand (units) |
| 5 | 100 |
| 4 | 120 |
वर्गीकरण करा
Advertisements
उत्तर
Expansion in Demand.
Explanation:
When the price falls from ₹ 5 to ₹ 4, the quantity demanded increases from 100 units to 120 units. This is known as expansion in demand, as it occurs due to a fall in the commodity's own price.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
