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प्रश्न
With the help of a suitable diagram explain the extension in demand?
With the help of a suitable diagram, explain expansion in demand.
थोडक्यात उत्तर
आकृती
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उत्तर
When the demand of a commodity rises due to fall in its price, 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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