When demand for a good falls due to rise in price of the good alone, what is change in demand called?

When demand for a good falls due to rise in price of the good alone, what is change in demand called?

Monjur Alahi

4 views

2025-01-04 04:42

1 Answers

Salim Ahmed Kawsar

It is called contraction of demand.

4 views Answered 2023-02-05 15:29

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