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प्रश्न
What is an expansion of demand?
What is meant by expansion of demand?
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उत्तर
When the quantity demanded of a commodity rises due to a fall in its price, keeping other factors constant, it is called expansion of demand or increase in quantity demanded. Here, a larger quantity is purchased due to the fall in price.
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संबंधित प्रश्न
What is meant by an increase in demand?
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Distinguish between “movement along the demand curve” and shift of a demand curve.
What does a rightward shift of demand curve indicate?
Explain the following diagram.
