When quantity demanded
of a commodity changes due to a change in its price, keeping other factors
constant, it is known as change in quantity demanded. It is graphically
expressed as a movement along the same demand curve. There can be either a
downward movement or an upward movement (Contraction in demand) along the same
demand curve.
Let us understand the movement along the demand curve with the help of Fig:
Let us understand the movement along the demand curve with the help of Fig:
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