Economics · Economics
When does a contraction of demand occur?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When the income of the consumers decreases.✓
- 2When the prices of other related commodities increase.
- 3When the price of the related commodity increases.
- 4When the number of consumers decreases.
Correct answer
When the income of the consumers decreases.
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