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What is increase in demand? - Economics

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प्रश्न

What is increase in demand?

When does 'increase' in demand take place?

What is meant by increase in demand?

एका वाक्यात उत्तर
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उत्तर

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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