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With the help of a suitable diagram, explain expansion in demand. - Economics

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Question

With the help of a suitable diagram, explain expansion in demand.

Diagram
Short Note

Solution

When the demand for a commodity rises due to a fall in its price, it is called expansion in demand.

Diagrammatic Explanation: In the diagram, when price falls from OP to OP1, demand expands from OQ to OQ1.

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Chapter 2: Elementary Theory of Demand - QUESTION BANK [Page 63]

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Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 2 Elementary Theory of Demand
QUESTION BANK | Q 30. | Page 63
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