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Define decrease in demand. - Economic Applications

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Question

Define decrease in demand.

Definition
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Solution

When there is a fall in demand due to changes in factors other than the own price of the commodity, it is called a decrease in demand.

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Chapter 1: Elementary Theory of Demand - QUESTION BANK [Page 24]

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Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 1 Elementary Theory of Demand
QUESTION BANK | Q 17. a | Page 24
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