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प्रश्न
What causes an upward movement along a demand curve?
उत्तर
A rise in the price of the good, other things remaining the same, causes an upward movement along a demand curve. An upward movement along a demand curve indicates contraction of demand.
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संबंधित प्रश्न
What is meant by the contraction in demand?
What is meant by an increase in demand?
As a result of rise in consumer's income, the demand curve for coarse-grain (inferior good) will:
What does a downward movement along the same demand curve indicate?
What is a decrease in demand?
Distinguish between 'movement along the demand curve' and shift of a demand curve.
What is meant by an increase in demand?
What does a rightward shift of demand curve indicate?
With the help of a suitable diagram, explain expansion in demand.
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.
