Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 3 -(A) Demand Analysis [Latest edition]
Q.2. Give economic term:
1. A situation where more quantity is demanded at lower price ______.
A situation where more quantity is demanded at lower price expansion of demand.
Explanation:
Expansion of demand refers to a rise in quantity demanded due to falling in price alone while other factors like tastes, income of the consumer, size of the population, etc. remain unchanged. Demand moves in a downward direction on the same demand curve.
