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Question : Which of the statements is true :-
A: Expansion in Demand leads to an upward movement along the same demand curve.
B: Upward movement along the same demand curve occurs due to an increase in the price of the given commodity.

Option 1: Only option A correct 

Option 2: Option B is correct

Option 3: Both are correct 

Option 4: Both are false


Team Careers360 13th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Option B is correct


Solution : The quantity demanded decreases as the price of the good rises. It causes the demand curve to incline upward. It is sometimes referred to as demand contraction.
The quantity demanded decreases as the price of the good rises. It causes the demand curve to incline upward. It is sometimes referred to as demand contraction.
Hence option b is correct

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