ICSE Class 10CISCE
Share
Notifications

View all notifications

What is Meant by Contraction in Demand? - ICSE Class 10 - Economics

Login
Create free account


      Forgot password?

Question

What is meant by the contraction in demand?

Solution

Other things being the same, when the demand for a product falls as a result of the rise in its price, it is termed contraction in demand. There will be an upward movement along the same demand curve.

  Is there an error in this question or solution?

APPEARS IN

 2015-2016 (March) (with solutions)
Question 2.1 | 2.00 marks
Solution What is Meant by Contraction in Demand? Concept: Concept for Demand and Supply.
S
View in app×