Title Extension of Demand.pdf ✅

Written/Composed by:- Adnan Maqbool , Contact # 0315-3130411 My Youtube Channel: InformationPk Website: www.informationpk.com , E-mail: [email protected] Micro Economics I.Com/D.com/FA/FSc/BA/BSc/ B.com/ BS/BBA/MBA/M.Com/ACCA Visit: www.informationpk.com for Notes, Past papers, Home Tuition and more. Page | 1 Qua nti ty De ma nded :- Qu an tity d eman d is a sp ecific q u an tity th at b u yer s ar e wi ll in g an d ab le t o b u y at a sp ecific p ric e. It is b u t on e p oin t on a d eman d cu rv e. Cha ng e in qua n tity de ma nd ed r ef ers to ch an g e in th e q u an tity p u rch ased d u e to i n creas e o r d ec r eas e in th e p rice of a p r od u ct.  Ch an ges in q u an tity d eman d ed can b e measu r ed b y t h e mo ve me nt a lo ng the de ma nd c urve  Ch an ge in q u an tity d eman d ed r ef ers t o expa nsio n/ e xte nsio n o r co nt ra ctio n of d eman d Exten sio n o f De ma nd :- Wh en p ric e of a c omm od it y d ecr eas es, its d eman d in creas es. It is called ext en sion of d eman d . Ta ble :- P r i c e p e r u n i t ( R s . ) D e m a n d ( u n i t s) 5 1 1 5 www.Informationpk.com