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If PRICE of any commodity increases then called as EXPANSION and If PRICE OF RELATED COMMODITY increase then EXPANSION or INCREASE ?????


Roshan Zameer

Roshan Zameer

CMA Inter

7K+

25-Oct-20 12:00

19

Answers (5)

Please share the context - which chapter and in what context


Sriram Somayajula

Sriram Somayajula

Admin

25-Oct-20 12:09

In law of demand


Roshan Zameer

Roshan Zameer

CMA Inter

7K+

25-Oct-20 12:27

Difference between change quantity demand and change in demand


Roshan Zameer

Roshan Zameer

CMA Inter

7K+

25-Oct-20 12:28

Difference between change quantity demand and change in demand

One is movement along the curve and another is shift of the curve. If there is a change in Qty demanded there will be a change in price i.e movement along the curve. Change in demand is when there is a shift in curve i.e at same price point qty demanded is now more that what it was earlier or less than what it was earlier


Sriram Somayajula

Sriram Somayajula

Admin

25-Oct-20 12:33

Increase in demand (so simple)


Nikki Shah

Nikki Shah

CA Foundation

12K+

25-Oct-20 20:05