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प्रश्न
Distinguish between:
Expansion of demand and Contraction of demand.
फरक स्पष्ट करा
उत्तर
| Expansion of demand | Contraction of demand | |
| 1. | Expansion of demand refers to a rise in demand only due to a fall in price. | Contraction of demand refers to a fall in demand only due to a rise in price. |
| 2. | Expansion of demand takes place solely due to a fall in price. All other factors affecting demand remain constant. | Contraction of demand takes place solely due to a rise in price. All other factors affecting demand remain constant. |
| 3. | Expansion of demand is shown by a downward movement on the same demand curve. | The contraction of demand is shown by an upward movement on the same demand curve. |
| 4. | Expansion of Demand: |
Contraction of Demand: |
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संबंधित प्रश्न
Explain the diagram:
- The diagram represents _______ in demand.
- In the diagram, A movement of the demand curve is in ______ direction.
Explain the diagram:
- The diagram represents ______ in demand.
- In the diagram, the movement of the demand curve is in ______ direction.
Give economic terms:
A situation where more quantity is demanded at a lower price.
Explain the concepts of variation and changes in demand with the help of diagrams.
Distinguish between:
Expansion of demand and Contraction of demand
Give an economic term:
Other factors remain constant, demand falls due to a rise in price.
Complete the correlation:
Rise in price : Contraction of demand : : Fall in price : ______.
When less units are demanded at high price it shows ______.
