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प्रश्न
Distinguish between:
Increase in demand and Decrease in demand
Distinguish between (Any Three)
Increase in Demand and Decrease in Demand
उत्तर
| Increase in Demand | Decrease in Demand | |
| 1) | When more quantity is required than before at the same price, it is called an increase in demand. | When less quantity is required than before at the same price, it is called a decrease in demand. |
| 2) | An increase in demand occurs due to favourable changes in factors other than price, like fashion, income, taxation policy, advertisements, etc. | A decrease in demand occurs due to unfavourable changes in factors other than price, like fashion, income, taxation policy, advertisements, etc. |
| 3) | An increase in demand is indicated by a shift in the demand curve to the right. | A decrease in demand is indicated by a shift in the demand curve to the left. |
| 4) |
When there is an increase in demand, the demand curve shifts to the right from DD to D1D1 , as shown in the figure. Increase in demand
|
When there is a decrease in demand the demand curve shifts to the left from DD to D2D2 as shown in the figure. Decrease in Demand |
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संबंधित प्रश्न
When is the demand for a good said to be inelastic?
Income of the buyers and demand for a good.
When does 'change in demand' take place?
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Explain how the demand for a good is affected by the prices of its related goods. Give examples.
Give reasons or Explain the following statements.
All desires are not demand.
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The demand for consumption goods is direct demand.
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The demand of a salt is _________.
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Demand will not increase by coming of new customers.
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Demand elasticity concept is useful for labour unions.
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In the period of scarcity of a particular commodity _________.
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Demand elasticity of habitual goods is _________.
Suppose the price elasticity of demand for a good is −0.2. If there is a 5% increase in the price of the good, then by what percentage will the demand for the good go down?
Suppose the price elasticity of demand for a good is −0.2. How will the expenditure on the good be affected if there is a 10% increase in its price ?
Suppose there was a 4% decrease in the price of a good, and as a result, the expenditure on the good increased by 2%. What can you say about the elasticity of demand ?
Give economic terms.
Price being constant, demand falls due to unfavourable changes in other factors.
Distinguish between:
Increase in demand and Decrease in demand
