Question

When less units are demanded at high price it shows ______.

पर्याय

• increase in demand

• expansion of demand

• decrease in demand

• contraction in demand

Answer 1

When less units are demanded at high price it shows contraction in demand.

Explanation:

When the price of a commodity increases and consumers buy fewer units of it, the quantity demanded decreases. This fall in demand due to a rise in price is called contraction in demand.