{"id":2086,"date":"2019-07-30T11:49:35","date_gmt":"2019-07-30T11:49:35","guid":{"rendered":"https:\/\/commerceiets.com\/?p=2086"},"modified":"2019-07-30T11:49:35","modified_gmt":"2019-07-30T11:49:35","slug":"change-in-demand","status":"publish","type":"post","link":"https:\/\/commerceiets.com\/change-in-demand\/","title":{"rendered":"CHANGE IN DEMAND"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/commerceiets.com\/change-in-demand\/#CHANGE_IN_DEMAND\" title=\"CHANGE IN DEMAND\">CHANGE IN DEMAND<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/commerceiets.com\/change-in-demand\/#CHANGE_IN_DEMAND_%E2%80%93_MOVEMENT_ALONG_THE_DEMAND_CURVE\" title=\"CHANGE IN DEMAND &#8211; MOVEMENT ALONG THE DEMAND CURVE\">CHANGE IN DEMAND &#8211; MOVEMENT ALONG THE DEMAND CURVE<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/commerceiets.com\/change-in-demand\/#EXTENSION_IN_DEMAND\" title=\"EXTENSION IN DEMAND\">EXTENSION IN DEMAND<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/commerceiets.com\/change-in-demand\/#CONTRACTION_IN_DEMAND\" title=\"CONTRACTION IN DEMAND\">CONTRACTION IN DEMAND<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/commerceiets.com\/change-in-demand\/#CHANGE_IN_DEMAND_-SHIFTS_IN_DEMAND_CURVE\" title=\"CHANGE IN DEMAND -SHIFTS IN DEMAND CURVE\">CHANGE IN DEMAND -SHIFTS IN DEMAND CURVE<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/commerceiets.com\/change-in-demand\/#INCREASE_IN_DEMAND\" title=\"INCREASE IN DEMAND\">INCREASE IN DEMAND<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/commerceiets.com\/change-in-demand\/#DECREASE_IN_DEMAND\" title=\"DECREASE IN DEMAND\">DECREASE IN DEMAND<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1 class=\"has-text-align-center wp-block-heading\" id=\"change-in-demand\"><span class=\"ez-toc-section\" id=\"CHANGE_IN_DEMAND\"><\/span>CHANGE IN DEMAND<span class=\"ez-toc-section-end\"><\/span><\/h1>\n\n\n\n<p class=\"has-medium-font-size\">Change in demand which is also known as variations in demand means the change in the quantity demanded of the commodity due to the various factors like price of own commodity, price of related goods, income of consumer, taxation policy of government, tastes and preferences of the consumers etc. Change in <a href=\"https:\/\/commerceiets.com\/demand\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Demand (opens in a new tab)\">Demand<\/a> can be explained in two ways:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"720\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Slide2-9.jpg\" alt=\"CHANGE IN DEMAND\" class=\"wp-image-2087\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Slide2-9.jpg 960w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Slide2-9-300x225.jpg 300w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Slide2-9-768x576.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><figcaption>CHANGE IN DEMAND<\/figcaption><\/figure>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\" id=\"change-in-demand-movement-along-the-demand-curve\"><span class=\"ez-toc-section\" id=\"CHANGE_IN_DEMAND_%E2%80%93_MOVEMENT_ALONG_THE_DEMAND_CURVE\"><\/span>CHANGE IN DEMAND &#8211; MOVEMENT ALONG THE DEMAND CURVE<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">Movement along the demand curve arises, when there is the\nchange in the demand of the commodity due to the change in price only. It is of\ntwo types:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Extension in Demand<\/li><li>Contraction in Demand<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"extension-in-demand\"><span class=\"ez-toc-section\" id=\"EXTENSION_IN_DEMAND\"><\/span>EXTENSION IN DEMAND<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">When there is increase in the demand due to the decrease in\nprice, then there is a case of Extension in Demand. Extension in Demand results\nout of the decrease in price only which means the other factors affecting the\ndemand will remain constant. This can be explained with the help of the\nfollowing table:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-subtle-light-gray-background-color has-background\"><tbody><tr><td>  <strong> PRICE   <\/strong><\/td><td>   <strong>QUANTITY   <\/strong><\/td><td>   <strong>DESCRIPTION  <\/strong> <\/td><\/tr><tr><td>   10<br \/>   5   <\/td><td>   20<br \/>   40   <\/td><td>   Price falls<br \/>   Demand rises   <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">From the above table, it is clearly shown that at the price\nof \u20b910 the demand was 20 units. But when the price falls to \u20b95, the demand for\ncommodity increased to 40 units.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">This can also be shown with the help of curve:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"545\" height=\"459\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Expansion-and-demand.png\" alt=\"\" class=\"wp-image-2088\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Expansion-and-demand.png 545w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Expansion-and-demand-300x253.png 300w\" sizes=\"(max-width: 545px) 100vw, 545px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">The above curve shows that at the price P<sub>0<\/sub>, the\nquantity demanded was Q<sub>1<\/sub>. And as the Price decreases from P<sub>0<\/sub>\nto P<sub>1<\/sub>, the quantity demanded increases from Q<sub>0<\/sub> to Q<sub>1.<\/sub><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"contraction-in-demand\"><span class=\"ez-toc-section\" id=\"CONTRACTION_IN_DEMAND\"><\/span><sub>CONTRACTION IN DEMAND<\/sub><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p style=\"font-size:22px\"><sub>When there is decrease in the demand due to the increase in\nprice, then there is a case of Contraction in Demand. Contraction in Demand\nresults out of the increase in price only which means the other factors\naffecting the demand will remain constant. This can be explained with the help of\nthe following table:<\/sub><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-subtle-light-gray-background-color has-background\"><tbody><tr><td> <strong>  <\/strong><sub><strong>PRICE<\/strong><\/sub><strong>   <\/strong><\/td><td>   <sub><strong>QUANTITY<\/strong><\/sub><strong>   <\/strong><\/td><td><strong>   <\/strong><sub><strong>DESCRIPTION<\/strong><\/sub><strong>   <\/strong><\/td><\/tr><tr><td>   <sub>5<\/sub><br \/>   <sub>10<\/sub>   <\/td><td>   <sub>40<\/sub><br \/>   <sub>20<\/sub>   <\/td><td>   <sub>Price   rises<\/sub><br \/>   <sub>Demand   falls<\/sub>   <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p style=\"font-size:22px\"><sub>From the above table, it is clearly shown that at the price\nof \u20b94 the demand was 40 units. But when the price rises to \u20b910, the demand for\ncommodity decreased to 20 units.<\/sub><\/p>\n\n\n\n<p style=\"font-size:22px\"><sub>This can also be shown with the help of curve:<\/sub><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"493\" height=\"489\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/CONTRACTION-DEMAND.png\" alt=\"\" class=\"wp-image-2089\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/CONTRACTION-DEMAND.png 493w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/CONTRACTION-DEMAND-300x298.png 300w, https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/CONTRACTION-DEMAND-150x150.png 150w\" sizes=\"(max-width: 493px) 100vw, 493px\" \/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">The above curve shows that at the price P<sub>0<\/sub>, the\nquantity demanded was Q<sub>0<\/sub>. And as the Price increases from P<sub>0<\/sub>\nto P<sub>1<\/sub>, the quantity demanded decreases from Q<sub>0<\/sub> to Q<sub>1.<\/sub><\/p>\n\n\n\n<h3 class=\"has-text-align-center wp-block-heading\" id=\"change-in-demand-shifts-in-demand-curve\"><span class=\"ez-toc-section\" id=\"CHANGE_IN_DEMAND_-SHIFTS_IN_DEMAND_CURVE\"><\/span>CHANGE IN DEMAND -SHIFTS IN DEMAND CURVE<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"has-medium-font-size\">Shifts in demand curve arise when there is change in the\ndemand due to the factors other than price. This is also called the change in\nthe level of demand. It is of two types:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Increase in Demand<\/li><li>Decrease in Demand<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"increase-in-demand\"><span class=\"ez-toc-section\" id=\"INCREASE_IN_DEMAND\"><\/span>INCREASE IN DEMAND<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">If the demand of the commodity increases due to the factors\nother than price like tastes and habits of consumers, increase in income of\nconsumer etc. it can also be described as:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>SAME PRICE MORE DEMAND<\/li><li>MORE PRICE SAME DEMAND<\/li><\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Same Price More Demand:<\/strong> If the price is same, but still there is increase in demand, it is a case of Increase in Demand.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>More Price Same Demand:<\/strong> If the price of the commodity rises, but it has no impact on the demand of the commodity, it is also the case of Increase in Demand.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">It can be explained as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-subtle-light-gray-background-color has-background\"><tbody><tr><td><strong>   PRICE   <\/strong><\/td><td><strong>   DEMAND   <\/strong><\/td><\/tr><tr><td>\n  SAME PRICE\n  <\/td><td>\n  MORE DEMAND\n  <\/td><\/tr><tr><td>   10<br \/>   10   <\/td><td>   20<br \/>   40   <\/td><\/tr><tr><td>\n  MORE PRICE\n  <\/td><td>\n  SAME DEMAND\n  <\/td><\/tr><tr><td>   10<br \/>   20   <\/td><td>   20<br \/>   20   <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">The table shows when the price of the commodity is \u20b910,\ndemand is 20 units. Price remains the same but the demand increases to 40\nunits. It is called Increase in Demand.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Similarly, the price of the good was \u20b910, the units demanded\nwas 20. Now the price rises to \u20b920 but the units demanded remains the same i.e.\n20. This is also called Increase in Demand.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">This can be shown with the help of curve also:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"284\" height=\"247\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Shift-in-Demand-CurveINCREASE.jpg\" alt=\"\" class=\"wp-image-2090\"\/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">The curve shows the price remains the constant but the\ndemand increases from D<sub>1 <\/sub>to D<sub>2<\/sub>.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"decrease-in-demand\"><span class=\"ez-toc-section\" id=\"DECREASE_IN_DEMAND\"><\/span>DECREASE IN DEMAND<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p class=\"has-medium-font-size\">If the demand of the commodity decreases due to the factors\nother than price like tastes and habits of consumers, decrease in income of\nconsumer etc. it can also be described as:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>SAME PRICE LESS DEMAND<\/li><li>LESS PRICE SAME DEMAND<\/li><\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Same Price Less Demand:<\/strong> If the price is same, but still there is increase in demand, it is a case of Increase in Demand.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Less Price Same Demand:<\/strong> If the price of the commodity rises, but it has no impact on the demand of the commodity, it is also the case of Increase in Demand.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">It can be explained as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>   PRICE   <\/strong><\/td><td><strong>   DEMAND   <\/strong><\/td><\/tr><tr><td>\n  SAME PRICE\n  <\/td><td>\n  LESS DEMAND\n  <\/td><\/tr><tr><td>   10<br \/>   10   <\/td><td>   40<br \/>   20   <\/td><\/tr><tr><td><strong>   LESS PRICE   <\/strong><\/td><td><strong>   SAME DEMAND   <\/strong><\/td><\/tr><tr><td>   20<br \/>   10   <\/td><td>   20<br \/>   20   <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">The table shows when the price of the commodity is \u20b910,\ndemand is 40 units. Price remains the same but the demand decreases to 20\nunits. It is called Decrease in Demand.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Similarly, the price of the good was \u20b920, the units demanded\nwas 20. Now the price falls to \u20b910 but the units demanded remains the same i.e.\n20. This is also called Decrease in Demand.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">This can be shown with the help of curve also:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"274\" height=\"247\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2019\/07\/Shift-in-Demand-Curve-DECREASE.jpg\" alt=\"\" class=\"wp-image-2091\"\/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\">The curve shows the price remains the constant but the demand decreases from D<sub>1 <\/sub>to D<sub>2<\/sub>.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Also Study<\/strong><\/td><td><strong>Also Study<\/strong><\/td><td><strong>Also Study<\/strong><\/td><td><strong>Also Study<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/demand\/\">Theory of Demand<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/law-of-demand\/\">Law of Demand<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/demand-function\/\">Demand Function<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/exceptions-of-law-of-demand\/\">Exceptions of law of demand<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/elasticity-of-demand\/\">Elasticity of demand<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/change-in-demand\/\">Change in demand<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/price-elasticity-of-demand\/\">Price elasticity of demand<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/difference-between-law-of-demand-and-elasticity-of-demand\/\">Law of demand Vs Elasticity of demand<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/factors-affecting-price-elasticity-of-demand\/\">Factors affecting price elasticity of demand<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/production-function\/\">Production function<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/difference-between-short-run-long-run-production-function\/\">Short run vs long run production function<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/law-of-variable-proportions\/\">Law of variable proportions<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/types-of-demand\/\">Types of demand<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/managerial-economics\/\">Managerial economics<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/characteristics-of-managerial-economics\/\">Characteristics of managerial economics<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/scope-of-managerial-economics\/\">Scope of managerial economics<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/utility-analysis\/\">Utility analysis<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/law-of-diminishing-marginal-utility\/\">Law of diminishing marginal utility<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/law-of-equi-marginal-utility\/\">Law of equi marginal utility<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/consumer-equilibrium\/\">Consumers Equilibrium<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/indifference-curve-analysis\/\">Indifference curve analysis<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/consumer-equilibrium-using-indifference-curve-analysis\/\">Consumer equilibrium using indifference curve analysis<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/relationship-between-tp-ap-and-mp\/\">Relationship between TP, AP and MP<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/law-of-increasing-returns\/\">Law of increasing returns<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/law-of-diminishing-returns\/\">Law of diminishing returns<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/law-of-constant-returns\/\">Law of constant returns<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/returns-to-scale\/\">Returns to Scale<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/economies-and-diseconomies-of-scale\/\">Economies and diseconomies of scale<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/concept-of-costs\/\">Concept of costs<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/relationship-between-ac-and-mc\/\">Relationship between AC and MC<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/traditional-theory-of-cost\/\">Traditional theory of costs<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/modern-theory-of-cost\/\">Modern theory of costs<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/explicit-vs-implicit-costs\/\">Explicit vs Implicit costs<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/revenue\/\">Revenue<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/perfect-competition\/\">Perfect competition<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/monopoly-meaning\/\">Monopoly<\/a>&nbsp;<\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/price-discrimination\/\">Price discrimination<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/difference-between-perfect-competition-and-monopoly\/\">Difference between perfect competition and monopoly<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/perfect-and-monopolistic-competition\/\">Perfect Vs Monopolistic competition<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/monopoly-and-monopolistic-competition\/\">Monopoly and monopolistic competition<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/product-differentiation-strategy\/\">Product differentiation strategy<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/monopolistic-competition\/\">Monopolistic competition<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/national-income-in-india\/\">National Income in India<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/measurement-of-national-income\/\">Measurement of national income in India<\/a><\/td><\/tr><tr><td><a href=\"https:\/\/commerceiets.com\/consumption-function\/\">Consumption function<\/a><\/td><td><a href=\"https:\/\/commerceiets.com\/keynesian-psychological-law-of-consumption\/\">Keynes Psychological law of consumption<\/a><\/td><td><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link\" href=\"https:\/\/www.linkedin.com\/in\/kajal-mahajan-7549b2197\/\" target=\"_blank\" rel=\"noreferrer noopener\">CONNECT ON LINKEDIN<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>CHANGE IN DEMAND Change in demand which is also known as variations in demand means the change in the quantity demanded of the commodity due to the various factors like price of own commodity, price of related goods, income of consumer, taxation policy of government, tastes and preferences of the consumers etc. Change in Demand&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/commerceiets.com\/change-in-demand\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;CHANGE IN DEMAND&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":2093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[92],"tags":[94],"class_list":["post-2086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-micro-economics","tag-demand"],"_links":{"self":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/2086"}],"collection":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/comments?post=2086"}],"version-history":[{"count":0,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/2086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media\/2093"}],"wp:attachment":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media?parent=2086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/categories?post=2086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/tags?post=2086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}