Advertisements
Advertisements
प्रश्न
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?
उत्तर
A fall in train prices will cause the demand curve for the bus travel between the two cities to move leftward.
APPEARS IN
संबंधित प्रश्न
What is meant by the contraction in demand?
What is meant by an increase in demand?
With the help of a graph explain the increase in demand concept.
What does a downward movement along the same demand curve indicate?
What is an expansion of demand?
What is a decrease in demand?
Give two reasons for the shift of the demand curve towards the left.
Define contraction of demand (or decrease in quantity demanded).
With the help of a suitable diagram, explain expansion in demand.
State whether the following statement is true or false. Give reasons.
An increase in the demand for a commodity is due to a fall in its price.
