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Movement along the same demand curve is know as                    
  • a)
    Extension and contraction of demand    
  • b)
    Increase and decrease of demand    
  • c)
    Contraction of supply    
  • d)
    Increase of supply
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Movement along the same demand curve is know as a)Extension and co...
A is the correct option.Expansion in demand refers to a rise in the quantity demanded due to a fall in the price of commodity, other factors remaining constant. i. It leads to a downward movement along the same demand curve. ... It is also known as 'Extension in Demand' or 'Increase in Quantity Demanded'.
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Movement along the same demand curve is know as a)Extension and contraction of demand b)Increase and decrease of demand c)Contraction of supply d)Increase of supplyCorrect answer is option 'A'. Can you explain this answer?
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