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प्रश्न
An increase in the price of electricity will cause an ______.
विकल्प
Increase in the demand for solar heaters
Decrease the demand for solar heaters
Increase in the demand for Geysers
None of the above
उत्तर
An increase in the price of electricity will cause an Increase in the demand for solar heaters.
Explanation:
An increase in the price of electricity makes electric appliances like geysers more expensive to use. As a result, consumers may look for alternative solutions that do not rely on electricity, such as solar heaters. Therefore, the demand for solar heaters, which are substitutes for electric geysers, would likely increase.
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संबंधित प्रश्न
What does a downward movement along the same demand curve indicate?
When the demand curve of a product shifts to the right, it represents a situation of ______.
If X and Y are complementary goods, a rise in the price of Y will cause the demand curve of X to ______.
How does an increase in income affect the demand for a normal good?
With the help of a suitable diagram explain the extension in demand?
What is increase in demand?
What is decrease in demand?
Differentiate between a change in quantity demanded and a change in demand.
The following table shows a change in the demand. Read the table carefully and answer the question that follows:
| Case | Price (₹) | Quantity (kg) |
| I | 10 | 20 |
| 10 | 10 | |
| II | 10 | 20 |
| 5 | 20 |
What type of change is it - decrease in demand or contraction in demand? Give a reason.
Explain the diagram given alongside.
