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प्रश्न
With the help of a suitable diagram, explain expansion in demand.
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उत्तर
When the demand for a commodity rises due to a fall in its price, it is called expansion in demand.
Diagrammatic Explanation: In the diagram, when price falls from OP to OP1, demand expands from OQ to OQ1.
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संबंधित प्रश्न
Differentiate between extension and contraction of demand.
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What is an expansion of demand?
Give two reasons for the shift of the demand curve towards the left.
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Distinguish between “movement along the demand curve” and shift of a demand curve.
What is meant by an increase in demand?
What causes a downward movement along a demand curve?
What does a rightward shift of demand curve indicate?
