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प्रश्न
Distinguish between ‘increase in demand’ and increase in quantity demanded of a good.
उत्तर
Increase in demand and increase in quantity demanded of a good
| Increase in quantity demanded | Increase in demand |
| It refers to quantity demanded changes due to change in the price remaining other factors constant. |
It refers to a rise in demand for a commodity because of factors other than the price. |
|
Factors which cause the increase in quantity demanded
|
Factors which cause the increase in demand
|
| It leads to a movement along the same demand curve either upwards or downwards |
It leads to shifts in the demand curve either rightwards or leftwards. |
APPEARS IN
संबंधित प्रश्न
| Group 'A' | Group 'B' | ||
| a. | Pen and ink | 1 | Quantity-price |
| b. | Revenue | 2 | Accident |
| c. | Insurable risk | 3 | Transfer income |
| d. | Unemployment allowance | 4 | Short period |
| e. | Reverse repo rate | 5 | Long period |
| 6 | Change in demand | ||
| 7 | Joint demand | ||
| 8 | Quantity * price |
Explain the problem of what to produce.
Any statement above demand for a good is considered complete only when the following is/are mentioned in it. ( choose the correct alternative)
a) Price of the good
b) Quantity of good
c) Period of time
d) All of the above
Demand for a good is termed inelastic through the expenditure approach when if (choose the correct alternative)
a) Price of good falls, expenditure on it rises
b) Price of the good falls, expenditure in it falls
c) Price of the good falls, expenditure on it remains unchanged
d) Price of the good rises, expenditure in it falls
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