When does the contraction of demand occur?

Question

Economics · Microeconomics

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

When the price of the commodity itself increases

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Microeconomics?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Microeconomics

Which of the following territories was annexed by Lord Dalhousie under the pretext of misgovernance, and not directly through the Doctrine of Lapse?

What was the primary stated reason for the Partition of Bengal in 1905 by Lord Curzon?

Answer 1

When the income of consumers decreases

Answer 2

When the prices of other related goods increase

Answer 3

When the price of the commodity itself increases

Answer 4

When the number of consumers decreases

Related Practice Questions