Contraction of demand is the result of ________.
(A) Decrease in the number of consumers. (B) Decrease in the income of purchasers. (C) Increase in the prices of other goods. (D) Increase in the price of the commodity concerned

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Solution

The correct answer is D. Increase In The Price Of The Commodity Concerned.

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Contraction of demand is the result of ________. (A) Decrease in the number of consumers. (B) Decrease in the income of purchasers. (C) Increase in the prices of other goods. (D) Increase in the price of the commodity concerned

The correct answer is D. Increase In The Price Of The Commodity Concerned.

Contraction of demand is the result of ________.
(A) Decrease in the number of consumers. (B) Decrease in the income of purchasers. (C) Increase in the prices of other goods. (D) Increase in the price of the commodity concerned