When the quantity demanded of a commodity rises due to a fall in price, it is called | Faculties

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Ram Sharma

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📊 Managerial Economics 1

Q. When the quantity demanded of a commodity rises due to a fall in price, it is called

(A) extension
(B) upward shift
(C) downward shift
(D) contraction

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✅ Correct Answer: (A) extension

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