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प्रश्न
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
विकल्प
Move upward along the same demand curve.
Move downward along the same demand curve.
The demand curve will shift to the right.
The demand curve will shift to the left.
उत्तर
The demand curve will shift to the left.
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संबंधित प्रश्न
What is meant by the contraction in demand?
What does a downward movement along the same demand curve indicate?
Distinguish between 'movement along the demand curve' and shift of a demand curve.
What is meant by an increase in demand?
What causes an upward movement along a demand curve?
What causes a downward movement along a demand curve?
What does a rightward shift of demand curve indicate?
Explain the following diagram.
Give two factors responsible for the shift of the demand curve to the right.
State whether the following statement is true or false. Give reasons.
Contraction of demand is the result of a decrease in the number of consumers.
