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Question

differntiate between increase in demand and expansion in quantity demanded.

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Solution

Points of Difference Expansion in quantity demanded Increase in Demand
1. Meaning When quantity demanded of a commodity rises with a fall in the price it is called expansion in quantity demanded.
When demand for a good increases with the change in the factors other than the price of the good, then it is called increase in demand.
2. Shown by It is shown by a movement along the demand curve. It is shown by a shift in the demand curve

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