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Question
Expansion of demand and Increase in demand.
Solution
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Expansion of Demand
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Increase in Demand
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(1) When more quantity of a commodity is demanded due to fall in the price it is called expansion in demand.
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(1) When more quantity of a commodity is demanded at the same price, it is called increase in demand.
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(2) Price falls while condition of demand remain same.
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(2) Price remains same while conditions of demand changes which have positive effect on demand.
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(3) It can be shown on the same demand curve.
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(3) Ne demand curve is necessary to show increase in demand.
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(4)
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(4)
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