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When demand for a good falls due to rise in its own price , what is the change in demand called?

+3 votes

asked Jan 11, 2019 in Class 12 by kratos

When demand for a good falls due to rise in its own price , what is the change in demand called?

supply and elasticity of supply
cbse
demand and elasticity demand
elasticity of demand
class-12
theory of consumer behaviour

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1 Answer

+6 votes

answered Nov 30, 2020 by kratos

Best answer

Contraction of demand

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