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What are the differences between expansion. …

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What are the differences between expansion. In demand and increase in demand?

    • Posted by Aadil Khan 7 years, 2 months ago

    CBSE > Class 11 > Economics
    • 2 answers

    Keshav Bindal 7 years, 2 months ago

    Expansion in demand assumes other factor remaining constant, demand increase due to decrease in price. Increase in demand assumes price remaining constant, others factor fluctuate, demand increase due to change in other factors.

    1Thank You

    Keshav Bindal 7 years, 2 months ago

    Expansion in demand makes demand curve slope downward(from left to right). Increase in demand makes demand curve to shift rightward.

    0Thank You

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