Advertisements
Advertisements
प्रश्न
Identify the following as expansion, contraction, decrease or increase in demand.
| Price (₹) | Demand (units) |
| 5 | 100 |
| 5 | 120 |
वर्गीकरण करा
Advertisements
उत्तर
Increase in Demand.
Explanation:
When the price remains constant at ₹ 5, but the quantity demanded increases from 100 units to 120 units, it is known as increase in demand. It occurs due to favourable changes in factors other than the commodity's own price.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
