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Distinguish between expansion of demand and increase in demand... |
Answer» Mate ✌ ✌......
Extension of demand refers to an INCREASE in quantity demanded due to a DECREASE in the own price of the commodity. Increase in demand refers to an increase in quantity demanded not due to change in price but due to FACTORS other than price such as income, taste, FASHION, expectations, etc. Hope it will help you...Please mark me as brainlist... |
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