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प्रश्न
Mr Vijay purchases 2 litres of milk per day when it is priced at ₹ 35 per litre. Suppose he has some guests at home and consequently he purchases 6 litres of milk on that day. What will you call it?
विकल्प
Increase in demand
Increase in quantity demanded
उत्तर
Increase in demand
Explanation:
This scenario describes an increase in quantity demanded because the change in the quantity of milk purchased is due to a specific, temporary situation (having guests) rather than a change in the price of milk. An increase in demand would generally refer to a shift in the demand curve due to factors like income, preferences, or a change in the price of related goods, not just a temporary change in circumstances.
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संबंधित प्रश्न
When the demand curve of a product shifts to the right, it represents a situation of ______.
The goods whose demand decreases as income increases.
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?
There are train and bus services between New Delhi and Jaipur. Suppose, the train fare between the two cities comes down. How will this affect the demand curve for bus travel between the two cities?
State two types of related goods.
Explain the diagram given alongside.
The following table shows a change in the demand. Read the table carefully and answer the question that follows:
| Case I | Case II | ||
| Price (₹) | Quantity | Price (₹) | Quantity |
| 10 | 20 | 10 | 20 |
| 10 | 10 | 5 | 20 |
What type of change is it, decrease in demand or contraction in demand? Give a reason.
