Distinguish between : Expansion of demand and Increase in demand
Q.2 (B) (ii) Distinguish between : Expansion of demand and Increase in demand
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Answer:
| Expansion of demand | Increase in demand | |
|---|---|---|
| 1. Meaning | More quantity is demanded because of a fall in the price of the commodity. | More quantity is demanded at the same price because of a change in factors other than price. |
| 2. Cause | Change in price only. | Change in income, tastes, prices of related goods, population, etc. |
| 3. Curve | Movement downward along the same demand curve. | The demand curve shifts to the right. |
| 4. Other conditions | Other factors remain constant. | Price remains constant. |
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· 29 Oct 2026
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