Expansion in Supply and Contraction in Supply

Quest
0 Points
210 Posts

Report Abuse

Expansion in Supply and Contraction in Supply
9/5/2011 10:34:03 PM

Distinguish following

i.Expansion in Supply and Contraction in Supply
ii.Socialism and Mixed Economy
iii.Normal and inferior good
iv Individual demand and Market Demand
v.Consumer Equilibrium in Cardinal and ordinal approach

akhila sharma
2 Points
20 Posts

Report Abuse

Re: Expansion in Supply and Contraction in Supply
1/3/2012 9:50:28 PM

expansion in supply and contraction on supply

ans:::when supply increases demand decreases this stage is known as contraction in demand
when supply decreases and demand increases this stage is known as expansion in demand

Vara Prasad
0 Points
18 Posts
Moderator

Report Abuse

Re: Expansion in Supply and Contraction in Supply
1/22/2012 8:39:48 PM

Ya your correct