Distinguish between expansion in demand and increase in demand OR Distinguish between 'decrease in demand' and increase in quantity demanded of a commodity.

Distinguish between expansion in demand and increase in demand OR Di

1.	Distinguish between expansion in demand and increase in demand OR Distinguish between 'decrease in demand' and increase in quantity demanded of a commodity.
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :(i) When the quantity demanded rises due to a decrease in own price of the commodity, keeping other factors constant, it is known as expansion of demand whereas when the quantity demanded rises due to a change in other facotrs other than own price of the commodity it is known as <a href="https://interviewquestions.tuteehub.com/tag/increase-1040383" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASE">INCREASE</a> in Demand. <br/>(ii) In expansion of demand, there is a downward <a href="https://interviewquestions.tuteehub.com/tag/movement-1104563" style="font-weight:bold;" target="_blank" title="Click to know more about MOVEMENT">MOVEMENT</a> along the same demand curve whereas the demand curve shifts rightwards in case of Increase in Demand. <br/>(iii) Expansion in demand is caused by a change in price of the commodity where as Increase in Demand is caused by a change in other factors such as increase in price of substitues, increase in income in case of normal goods etc.</body></html>