Advertisements
Advertisements
Question
What does a downward movement along the same demand curve indicate?
Options
Increase in demand
Decrease in demand
Contraction in demand
Expansion in demand
MCQ
Advertisements
Solution
Expansion in demand
Explanation:
The quantity searched for has grown as the price of the commodity has dropped, as indicated by a downward movement along the same demand curve. We refer to this as an expansion in demand.
shaalaa.com
Is there an error in this question or solution?
