A variation in demand of mango due to decrease in its price is _____ of demand.

contraction

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expansion

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increase

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decrease

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Solution

The correct option is D expansion
According to law of demand, when the price of a commodity increases, the demand for the same commodity decreases and when the price of a commodity decreases, the demand for the same commodity increases. Hence, a variation in demand of mango due to decrease in its price is expansion of demand.

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