Extension or contraction of quantity demanded of a commodity is a result of a change in the ________.
A
unit price of the commodity
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B
income of the consumer
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C
tastes of the consumer
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D
cliamte of the region
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Solution
The correct option is A unit price of the commodity Extension or contraction of quantity demanded of a commodity is a result of a change in the unit price of the commodity. Extension and contraction of demand occur when price changes, other things remaining constant.