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Change in demand refers to:

A. Movement on the same demand curve

B. Upward shift of the demand curve

C. Downward shift of the demand curve

D. Upward or downward shift of the demand curve

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Correct Answer : D.


Change in demand of a commodity is always due to the factors other than price like change in taste of consumer, change in the price of substitute, change in weather, population , etc.)

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