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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.

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if demand falls due to change in price of commodity its terms in economics as contraction in demand, and if demand falls due to other reasons its term decrease in demand...

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Q: What is the difference between contraction in demand and decrease in demand?
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What is the Difference between decrease in demand and contraction in demand?

if demand falls due to change in price of commodity its terms in Economics as contraction in demand, and if demand falls due to other reasons its term decrease in demand...


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