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Difference between increse in demand nd …

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Difference between increse in demand nd expansion in demand

Posted by Manav Naineani 6 years, 9 months ago

CBSE > Class 11 > Economics

2 answers

Gautam Narang 6 years, 9 months ago

Increase in demand means increase in demand due to other factors except price of commodity but expansion of demand refer to extend in demand due to fall in own price of the commodity

Pancham Pandey 6 years, 9 months ago

Increase in demand means imcrease in demand of single product only. But expansion in demand means the increase in demand of many products consumed by consumer

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