GENERAL KNOWLEDGE

Detailed explanation-1: -Increase in Demand refers to a rise in the demand of a commodity caused due to any factor other than the own price of the commodity. In this case, demand rises at the same price or demand remains same even at higher price. Hence, correct answer is option C.

Detailed explanation-2: -The proportion to which the quantity demanded changes with respect to price is called elasticity of demand.

Detailed explanation-3: -1. Expansion and Contraction of Demand: The variations in the quantities demanded of a product with change in its price, while other factors are at constant, are termed as expansion or contraction of demand.

Detailed explanation-4: -When the demand increases as a result of price fall, this is known as Expansion of Demand . In other words, it states that rise in quantity demanded due to reduction in price of commodity, other factors remaining constant. Was this answer helpful?