Economics · Demand Analysis
When does a 'contraction of demand' occur?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Consumer income decreases
- 2Price of related goods increases
- 3Price of the commodity increases✓
- 4Number of consumers decreases
Correct answer
Price of the commodity increases
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Demand Analysis MCQs →Want more practice questions on Demand Analysis?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Demand Analysis