Economics · Demand Analysis
What is meant by 'expansion in demand' (or extension of demand)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rise in demand along with a rise in price
- 2Fall in price leading to a lower demand
- 3Rise in quantity demanded due to a fall in price✓
- 4Rise in demand due to an increase in supply
Correct answer
Rise in quantity demanded due to a fall in price
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