011-40705070  or  
Call me
Download our Mobile App
Select Board & Class
  • Select Board
  • Select Class
Shinu Hardaha from BLOOMS ACADEMY , asked a question
Subject: Economics , asked on 12/7/12

what causes an upward movement along a demand curve of a commodity?


Teena Wadhwa ,Meritnation Expert added an answer
Answered on 13/7/12

The upward movement in the demand is also known as contraction of demand. Contraction of demand refers to fall in demand of a commodity due to rise in it's price.

Look at the graph.With rise in price from P1 to P2, the quantity demanded falls from Q1 to Q2. This is shown as contraction in quantity demanded due to rise in price.

This conversation is already closed by Expert

View More