In AS/A2 examination economic theory, an increase in demand would normally refer to an increase in the quantity demanded at every price level (i.e. a shift in the "curve"). An extension of demand is an increase in the quantity demanded because the price has changed (usually because supply has shifted) - ie a movement along the demand curve. Sad but true!
Reduction in price causes expansion of demand.
when price remains contact there is increase in demand due to advertisement , product quality and succession on customer satisfaction .. this is called Increase in demand.
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Malla Reddy ACA
saalo
extension and contraction in demand. extension mean increase in demand and contraction man decrease in demand
decrease is basically asking for more. whether you need it or not while increase is just simply not wanting anymore. Hope it helped hoes
as interest rates increase, demand for money increases.
A contraction in demand is caused by an increase in Price and illustrated by a movement up the demand curve. A decrease in demand is caused by any non-price factor (e.g. advertising, tastes and preferences and price of substitute goods) and is illustrated by an inward shift in the demand curve.
saalo
extension and contraction in demand. extension mean increase in demand and contraction man decrease in demand
difference between elastic and inelastic demand
Increase in demand::It imply rightwaed shift of demand curve.Therefore change in factors other than price.1. increase in taste increase in demand curve2. increase in popoulation increase in demand curve3. increase in income increase demand if normal good4. fall in income increase demand if an inferior good5. increase in price of substitute (pepsi) increase demand for good(coke)6. fall in price of complement (beer) increase demand for good7. if we expect the price of the product to increase in the future , our demand today will increase.Increse in quantity demanded::Movement up the demand curve.Therefore change in price-------- increase in price cause a decrese in quantity demanded,decrese in price cause an increase in quantity demanded .
decrease is basically asking for more. whether you need it or not while increase is just simply not wanting anymore. Hope it helped hoes
as interest rates increase, demand for money increases.
what is extension contarction of demand
A contraction in demand is caused by an increase in Price and illustrated by a movement up the demand curve. A decrease in demand is caused by any non-price factor (e.g. advertising, tastes and preferences and price of substitute goods) and is illustrated by an inward shift in the demand curve.
distinguish between a term security and a demand security
Demand is to ask for something forcibly. Exchange is to trade.
Demand schedule is a tabular representation nd Demand curve is a graphical representation
When writing a letter for an extension on a demand draft, it is important to write the reason an extension is needed. It is also important to state how long the extension is needed.